Ireland-based Aircraft leasing group Avolon has announced that it has raised capital of $465m.
Avolon has received a fully underwritten long-term debt facility that includes warehouse capacity from a consortium of three banks – Wells Fargo Securities, Citi and Morgan Stanley.
The capital raising is Avolon’s third in the past eight months and brings its total funds to over $2.5bn.
Avolon said it intended to use the capital to expand its aircraft fleet.
Avolon chief financial officer, Andy Cronin said, “This debt raising is an important step in broadening our lender base, introducing three new US-based lenders to Avolon.”
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