Wells Fargo Bank has provided $200 million to a revolving loan facility for aircraft lessor Avolon, taking the total of the facility to $2.19 billion.
A stock exchange statement by Avolon’s main shareholder, Bohai Leasing, states that the agreement for the additional facility was signed between a subsidiary the lessor, Wells Fargo and facility leader Deutsche Bank on 17 December.
The facility is guaranteed by Avolon until July 2022.
Societe Generale, Mizuho Bank, Fifth-Third Bank and Morgan Stanley are the other banks to have provided funds for the facility.
Source: Cirium Dashboard