UPDATED: Corrected individual amounts and guarantor details
Avolon has upsized one of its revolving warehouse credit facilities to $605 million with the addition of Apple Bank for Savings and Bank of Tokyo-Mitsubishi UFJ to the syndication.
Avolon’s parent company, Bohai Capital, says in a stock exchange disclosure that Apple Bank has agreed to provide $50 million in new credit, and BTMU $100 million to the facility that has been granted to its subsidiary Avolon Aerospace (Warehouse 1).
Previously, the revolver had commitments of $455 million, and the extended facility is guaranteed by Avolon Holdings.
In January, Avolon upsized a second revolver to $1.025 billion, with the addition of Fifth Third Bank as a new co-lender for $75 million. Deutsche Bank acted as the agent for that facility.
Source: Cirium Dashboard
