eLearningClasses.com

Avolon Announces Pricing of US$1.1 Billion Senior Unsecured Notes Offering

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Avolon Holdings Limited (Avolon), the international aircraft leasing company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$800 million aggregate principal amount of 5.25% Senior Notes due 2024 (the 2024 Notes), at par.

Additionally, Avolon also announces the pricing of a private offering by its wholly owned subsidiary, Park Aerospace Holdings Limited, of US$300 million aggregate principal amount of 5.25% Senior Notes maturing 2022 at an offering price of 101.375%, plus accrued interest (the 2022 Notes, and together with the 2024 Notes, the Notes) adding to a previous issue in January 2017 of US$1.75 billion of 5.25% notes maturing 2022 (the Existing Park Notes) (together the Offerings). The 2022 Notes will be treated as a single series with, and have substantially the same terms as, the Existing Park Notes and are expected to be fungible with the Existing Park Notes.

The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.

The Offerings are expected to close on or about 1 March, 2019, subject to customary closing conditions. Avolon intends to use the net proceeds from the Offerings 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.

ENDS

About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation, which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the worlds third largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2018 of 971 aircraft.

Website: www.avolon.aero Twitter: @avolon_aero

Note Regarding Forward-Looking Statements

This document includes forward-looking statements, beliefs or opinions, including statements with respect to the closing by Avolon of the Offerings, which is subject to customary closing conditions. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control and all of which are based on our managements current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as believe, expects, may, will, could, should, shall, risk, intends, estimates, aims, plans, predicts, continues, assumes, positioned or anticipates or the negative thereof, other variations thereon or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved.

Ross O’Connor
Head of Investor Relations
[email protected]
T:
+353 1 231 5818

Emmet Moloney
Head of Communication
[email protected]
T:
+353 1 556 4429

Jonathan Neilan
FTI Consulting
[email protected]
M:
+353 86 231 4135