Milbank LLP has advised Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, in connection with the closing of its inaugural US$500 million three year unsecured term loan facility. The transaction was oversubscribed and upsized by over 60% based on the original launch size of US$300 million. Avolon intends to use the net proceeds from the financing for general corporate purposes, which may include the future repayment of outstanding secured indebtedness.
The Milbank team was led by partner and co-head of Transportation and Space in London, Nick Swinburne and associate Ben Godsell.
