AviLease announces pricing of US$ 650mn of 144A/Reg S senior unsecured notes

The company intends to use the net proceeds from the offering for general corporate purposes

AviLease, the global aircraft lessor headquartered in Saudi Arabia, priced the offering of US$ 650mn aggregate principal amount of 5.50% senior unsecured notes due 2031 by AviLease Capital Limited, a directly wholly owned subsidiary of AviLease, under its Global Medium Term Note Programme, according to a press communication.

The Notes will bear a fixed coupon of 5.50% per annum, payable semi-annually in arrears, and will mature in June 2031. The Notes will be fully and unconditionally guaranteed by AviLease, and by certain of its subsidiaries.

AviLease intends to use the net proceeds from the offering for general corporate purposes. The offering was more than 5.3 times oversubscribed with strong demand from investors globally.

“Our second bond issuance demonstrates our ability to consistently access international capital markets, reflecting the strength of our business. The proceeds will further enable us to grow our fleet we continue our trajectory to becoming a top 10 aircraft leasing company by 2030,” commented Edward O’Byrne, CEO, AviLease.