Avolon Holdings (Avolon), the international aircraft leasing company, has announced the pricing of a private offering (the Offering) by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$1.0 billion aggregate principal amount of 5.125% Senior Notes due 2023 (the "Notes"), at par. The Notes will be fully and unconditionally guaranteed by Avolon and by certain of its subsidiaries. The Offering is expected to close on or about 17 September, 2018, subject to customary closing conditions. Avolon intends to use the net proceeds from the Offering for general corporate purposes, which may include the future repayment of outstanding indebtedness.