Dec 2024
Conyers provided Bermuda law advice to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, in connection with a private offering by its wholly owned subsidiary Avolon Holdings Funding Limited. The offering included a principal aggregate amount of US$850 million of 4.95% senior unsecured notes due 2028 and US$650 million of 5.15% senior unsecured notes due 2030.
The notes are fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The offering closed on 12 December 2024. Avolon will use the net proceeds from the offering for general corporate purposes including debt repayments.
Director Jason Piney and Associate Amber Wilson of Conyers’ Bermuda office advised on this matter working alongside Weil, Gotshal & Manges LLP.