Private equity investors back $1.4bn financing of Avolon
Cinven, CVC Capital Partners and Oak Hill Capital Partners have committed $750m to back a $1.4bn financing deal of Irish aircraft leasing company Avolon. The deal is subject to regulatory clearance.
The transaction was facilitated by $400m warehouse debt financing facility, led by UBS and backed by Credit Agricole, Deutsche Bank and KfW Ipex-Bank. The deal was additionally supported by a $215m term debt from DVB Bank.
Headquartered in Dublin, Avolon provides aircraft leasing and lease management services, with offices in, New York, Hong Kong and Shanghai.
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