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Legal News

Cahill Represents Lead Banks in $8.5 Billion of Debt Financing for the Acquisition of C2 Aviation Capital by Avolon

Date: 04/03/17

Cahill represented UBS Investment Bank and Morgan Stanley as joint physical book-running managers, Barclays, J.P. Morgan, BNP PARIBAS, Credit Agricole CIB, and SunTrust Robinson Humphrey as joint book-running managers, and the co-managers in connection with a Rule 144A offering of $1,750,000,000 aggregate principal amount of 5.25% Senior Notes due 2022 and $1,250,000,000 aggregate principal amount of 5.50% Senior Notes due 2024 by Park Aerospace Holdings Limited, a wholly-owned subsidiary of Avolon, a leading global aircraft leasing company. Proceeds from the offering were used in connection with Avolon’s acquisition of all of the issued and outstanding equity interests of C2 Aviation Capital, LLC.

Cahill also represented Morgan Stanley and UBS Investment Bank as joint global coordinators and Morgan Stanley Senior Funding as administrative agent, and the other arrangers in connection with a $5,000,000,000 Term B-1 loan and a $500,000,000 Term B-2 loan for Avolon TLB Borrower 1 (US) LLC and Avolon TLB Borrower (Luxembourg) S.A R.L., wholly owned subsidiaries of Avolon. Proceeds from the facilities were also used in connection with the acquistion.