What is the total amount of debt being tendered and at what discount to market value?

Answer

The short excerpt you provided does not disclose the specific terms of the tender—i.e., the dollar amount of notes being offered for purchase and the percentage discount to market value. Those figures are essential for sizing the transaction and gauging its impact on Avolon’s credit profile, but they are omitted from the available text.

What you need to verify

1. Total debt amount: Look at the full press release or the associated filing (often an SEC Form 8‑K or a market‑wire notice). Companies typically state the aggregate principal of each series that’s being tendered (e.g., “US‑$450 million of 6.0% senior unsecured notes”).
2. Discount to market: The tender price is usually quoted as a % of “market value” or “par” (e.g., “at 97 % of market value” or “at a 3 % discount to the prevailing market price”). This determines the effective yield that the remaining note‑holders will face and signals how the company is pricing its refinancing.

Trading implications once the details are confirmed

• If the tender is large (e.g., > $300 MM) and at a meaningful discount (≥ 2 %): The market will view the transaction as a modest “sweetener” for existing debt, likely tightening Avolon’s credit spreads and providing a short‑term price boost to its equity. Traders may consider buying on any pull‑back in the stock price, especially if the discount is modest and the refinancing improves the company’s balance‑sheet profile.
• If the discount is deep (≥ 5 %): This could signal heightened funding stress or a desire to quickly retire higher‑cost debt. Expect broader credit‑spread widening in the aviation finance sector and a potential sell‑off in Avolon’s equity until the market digests the liquidity impact.
• If the tender size is relatively small compared to the total outstanding notes: The effect on the capital‑structure will be limited, and the stock may price‑in the transaction well before the tender date. In this case, a short‑term spec‑trade—selling the stock on the announcement and buying back on any pull‑back—might capture the volatility.

Next step: Retrieve the full Avolon debt‑tender announcement (or the relevant filing) to obtain the exact “total amount of debt being tendered” and the “discount to market value.” Those numbers will let you calibrate the proper risk/reward profile for any position you consider.