Mizuho Bank has added a further $200 million to a syndicated revolver for Avolon, taking the size of the facility up to $1.99 billion.
A stock exchange disclosure from Avolon’s parent Bohai Leasing shows that Mizuho signed an agreement with the lessor and syndicate leader Deutsche Bank on 12 November.
The additional funds will be made available from 26 November.
Societe Generale, Fifth-Third Bank and Morgan Stanley are the other banks involved in the revolver.
The additional funding comes after Orix Aviation closed a $2.2 billion deal at the end of October to take a 30% stake in Dublin-based Avolon.
Source: Cirium Dashboard