Mar 2026
Conyers advised Avolon Aerospace Leasing Limited (“Avolon”), a leading global aviation finance company, in connection with Avolon’s first non-USD borrowing pursuant to a Samurai loan facility, a cross-border syndicated loan structured and distributed in the Japanese loan market.
Avolon raised US$420 million equivalent of unsecured financing from a consortium of Japanese and international banks and the dual tranche five-year facility includes US$346 million and 11.7 billion Japanese yen (US$75 million). The inaugural Samurai loan facility, which completed on 24 February 2026 is the largest and longest tenor debut Samurai issuance of a European issuer.
The transaction was arranged by MUFG Bank, with MUFG, Development Bank of Japan, Inc. and Sumitomo Mitsui Trust Bank, Limited (London Branch) acting as mandated lead arrangers and bookrunners. MUFG served as agent for the facility. These facilities will continue to provide working capital for general corporate purposes, including aircraft acquisitions.
Director Jason Piney and Associate Celine Collis of Conyers’ Bermuda office advised on the matter, working alongside Clifford Chance.