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$600 million new debt facilities for Avolon
26 September 2011
The Dublin lessor has also signed purchase/leaseback agreements for nine aircraft with Air Asia and Ryanair.
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Avolon
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Avolon says it has secured new debt facilities worth $600 million in the past 90 days. The new funding is split between export credit, pre-delivery payment (PDPs) and second lien financing as well as term debt facilities. All the facilities are denominated in USD and have already closed. The leasing company has now secured $2.6 billion of debt commitments since launching last year.The lessor did not disclose which banks participated in the debt facilities. John Higgins, chief commercial officer, Avolon, says...
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