RRJ Capital exits from investment in unit linked to Avolon's parent -source [Reuters]
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Source: Reuters
RRJ Capital exits from investment in unit linked to Avolon's parent: source - Reuters 3 Min Read SINGAPORE (Reuters) - Asian private equity firm RRJ Capital has exited from its $750 million investment in a subsidiary of China’s HNA Group-controlled Bohai Leasing, majority owner of aircraft lessor Avolon, a source with knowledge of the matter said. In early 2018, RRJ bought preference shares that could be converted into minority stakes in a special purpose vehicle (SPV) of Bohai Leasing as the buyout firm saw an opportunity to participate in conglomerate HNA’s debt-restructuring. RRJ exited after the equity-linked instrument it invested in was redeemed a couple of weeks ago, said the source, who did not wish to be identified as the transaction is private. The source said the investment has been paid off. Reuters was not able to determine the returns RRJ got on the investment. The redeeming of RRJ’s investment suggests an improvement in the financial position of Bohai Leasing, a unit of
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- 3/6/24 - Form 6-K
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- IX's page on the SEC website