Avolon’s unsecured loan debut soars to $500m

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By Mike Turner
21 Mar 2019

Demand for Ireland-based aircraft leasing company Avolon's unsecured loan took off, allowing it to sign the deal at $500m this week, as the company attempts to gain an investment grade rating.

The borrower launched the three year deal at $300m in January via initial mandated lead arrangers and bookrunners Natixis and Sumitomo Mitsui Trust Bank. Those banks also fully underwrote the transaction, a banker said at the time.

In total, 13 banks across Asia, Europe and the US joined the ...

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