Irish headquartered aircraft lessor Avolon has raised $750m in a new unsecured credit facility.
The funds come from a syndicate of seven banks, largely based in the Middle East and India, and brings to $3.4 billion the amount Avolon has raised on public and private markets this year.
JP Morgan and Emirates NBD acted as joint bookrunners on this transaction.
Ross O'Connor, Avolon's chief financial officer, said the $750m facility further diversifies its access to capital and forges new banking relationships in the Middle East and India.
"Deepening our sources of liquidity ensures we can continue to capitalise on attractive market dynamics and we appreciate the support of JP Morgan, Emirates NBD and the wider bank syndicate," Mr O'Connor added.
