Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$1.0 billion aggregate principal amount of 5.125% Senior Notes due 2023 (the “Notes”), at par. The Notes will be fully and unconditionally guaranteed by Avolon and by certain of its subsidiaries. The Offering is expected to close on or about 17 September, 2018, subject to customary closing conditions.
Avolon intends to use the net proceeds from the Offering for general corporate purposes, which may include the future repayment of outstanding indebtedness.
The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.