Avolon Reduces Interest Rate in Extension and Consolidation of US$2.3 Billion Term Loan B Facility

Avolon Holdings Limited (?Avolon'), a leading global aviation finance company, announces the consolidation of the US$656 million TLB-5 tranche and US$1.68 billion TLB-6 tranche of its senior secured Term Loan B facility (the ?Facility') into one US$2.33 billion TLB-6 tranche.

The combined TLB-6 priced at SOFR plus 2.00% with a SOFR floor of 0.50%, a reduction from the TLB-5 pricing of SOFR plus 2.35% (2.25% margin + 0.10% Credit Spread Adjustment) and the TLB-6 pricing of SOFR plus 2.50%.

As a result of the consolidation, the maturity of the TLB-5 tranche was also effectively extended from December 2027 to June 2028.

About Avolon

Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 147 airlines in 65 countries, Avolon has an owned, managed, and committed fleet of 897 aircraft, as of 30 September 2023. www.avolon.aero

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