Avation PLC PORTFOLIO FINANCING FACILITY

RNS Number : 9437M

Avation PLC

20 November 2024

 

Via RNS and SGXNET

 

AVATION PLC

("Avation" or "the Company")

PORTFOLIO FINANCING FACILITY

 

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has signed a term sheet with a major international bank for a US$85 million portfolio financing facility. The facility will initially be used for the refinancing of certain existing aircraft in our fleet but will be available and extendable for the financing of additional aircraft subject to certain conditions.

 

The facility remains subject to documentation being finalised and to the usual conditions precedent for the draw down of funds under the facility.

 

We will make further announcements in due course as this transaction proceeds to expected completion.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman                                      [phone]

Avation welcomes shareholder questions and comments and advises the email address for questions is: [e-mail] and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is [phone].

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.

 

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END

 

 

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