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, for a principal aggregate amount of US$750 million of 6.375% senior unsecured notes due 2028.
The notes are fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The offering closed on 4 May 2023. 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.