AWAS has closed the re-pricing of its $411m 2010 term loan, due in June 2016. The original spread was tightened from 400 basis points (bps) to 275 bps and the LIBOR floor from 125 to 75 bps. The transaction was also oversubscribed by nearly $200m, the lessor disclosed. “AWAS is extremely pleased to close this transaction. Our proactive financing strategy has been successful allowing our business to take quick advantage of market opportunities, leveraging our excellent relationships with investors in the US capital markets,” AWAS CFO Simon Glass said. JP Morgan, Goldman Sachs and Credit Agricole Investment Banking (CACIB) acted as joint arrangers.