Avolon has repaid the $407 million of outstanding debt from its Emerald Aviation Finance securitisation.
The lessors says that repaying the Class A-1 and B-1 fixed rate asset backed notes will lead to them being delisted from the Euronext Dublin bourse.
“The repayment of the Emerald securitisation forms part of Avolon’s commitment to continue to reduce the level of secured debt within its capital structure,” it adds.
Launched in 2013, Emerald was Avolon’s inaugural securitisation transaction and was backed by 20 aircraft in which the lessor retained its equity.
Source: Cirium Dashboard