US LevFin Wrap — Smooth landing for Avolon loan, Citi sweetens A-Gas terms, BofA preps Kohler LBO
- Sasha Padbidri
- +David Bell
It’s the most wonderful time of the year…to get deals done.
We’re heading into the final stretch of 2023 with at least 25 loans and 14 bonds launching this week alone, as borrowers take advantage of improving market conditions to price debt before the new year.
The surge of new deals included loan repricings from aircraft lessor Avolon and insurance brokerage Alliant. Avolon is majority owned by Chinese parent company Bohai Leasing via the Global Aircraft Leasing holding company. Avolon’s loan repricing sailed through smoothly thanks in part to strong ratings, even though a recent bond deal from GALC has stalled in the primary market.