Avolon Holdings Funding has announced the pricing terms for its offers to purchase several series of senior notes, with an aggregate purchase price capped at $1.2 billion. Due to high demand before the early tender deadline of June 2, 2025, Avolon will accept notes based on Acceptance Priority Levels and proration factors, with settlement expected on June 5, 2025; notes tendered after the deadline will not be accepted. The total consideration includes an early tender premium of $30 per $1,000 principal amount and accrued interest, and accepted notes will be retired, cancelled, and delisted from Euronext Dublin.
Avolon Holdings Limited, through its subsidiary Avolon Holdings Funding, has announced the pricing terms for its oversubscribed cash tender offers for several series of its senior notes, capped at an aggregate purchase price of approximately $1.2 billion. The strong demand by the June 2, 2025 early tender deadline led to the acceptance of notes based on priority levels, with the 4.250% Notes due 2026 ($634.95 million principal) and 4.375% Notes due 2026 ($298.065 million principal) being fully accepted, while the 2.125% Notes due 2026 ($275.664 million principal) faced a 60% proration. The 5.500% Senior Notes due 2026 were not accepted as the tender cap was reached. Accepted notes, with total consideration per $1,000 principal ranging from $981.81 to $996.65 (inclusive of a $30 early tender premium), are set for settlement on June 5, 2025, after which they will be retired, cancelled, and delisted from Euronext Dublin. This liability management exercise reflects Avolon's proactive approach to managing its debt obligations and optimizing its capital structure.
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