Avolon, a global aviation finance company, priced a private offering by its wholly owned subsidiary for a principal aggregate amount of $1.5 billion, including $750 million of 4.200% senior unsecured notes due 2029 and $750 million of 4.850% senior unsecured notes due 2033.
The notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.
The offering is expected to close on or about Feb. 23 2026, subject to customary closing conditions. Net proceeds from the offering will be used for general corporate purposes, which may include funding the repurchase of a portion of Avolon’s ordinary shares held by Global Aircraft Leasing and ORIX Aviation Systems, and the future repayment of outstanding indebtedness.
The notes will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.
