By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – Avolon Holdings Ltd. subsidiary Avolon Holdings Funding Ltd. priced a $400 million add-in to its 6.375% senior notes due May 4, 2028 at 100.296 to yield 6.295% on Tuesday, according to a news release.
The notes will be consolidated and form a single series with the $750 million of 6.375% notes issued on May 4, 2023.
Proceeds of the Rule 144A and Regulation S offering will be used for general corporate purposes, including repayment of existing debt.
The aircraft leasing company is based in Dublin.
| Issuer: | Avolon Holdings Funding Ltd.
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| Guarantors: | Avolon Holdings Ltd. and certain subsidiaries
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| Amount: | $400 million
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| Issue: | Senior notes add-on
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| Maturity: | May 4, 2028
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| Coupon: | 6.375%
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| Price: | 100.296
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| Yield: | 6.295%
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 8
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| Distribution: | Rule 144A and Regulation S
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| Prior issuance: | $750 million on May 4, 2023
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