Aviation Capital Group Announces Closing of $600 Million Senior Unsecured Notes
24 June 2024 - 8:24PM
Business Wire
Aviation Capital Group LLC (“ACG”) announced today the closing
of its sale of $600 million aggregate principal amount of 5.375%
senior unsecured notes due 2029 (the “Notes”). The Notes are
recourse only to ACG and are not guaranteed by ACG’s parent
company, any of ACG’s subsidiaries, or any third party. ACG intends
to use the net proceeds from the Notes for general corporate
purposes, including repayment of outstanding indebtedness and the
purchase of commercial aircraft.
“Today’s debt issuance marks another successful 144A offering
for ACG and a continuation of our ongoing strategy to efficiently
fund the company’s growth,” said Eric Blau, Senior Vice President,
Head of Capital Markets and Treasurer of ACG. “We appreciate the
ongoing support of our investor base and welcome the addition of
our newest investors.”
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier
full-service aircraft asset managers with over 480 owned, managed
and committed aircraft as of March 31, 2024, leased to roughly 90
airlines in approximately 45 countries. It specializes in
commercial aircraft leasing and provides certain aircraft asset
management services and aircraft financing solutions for third
parties. It was founded in 1989 and is a wholly owned subsidiary of
Tokyo Century Corporation. Follow ACG on LinkedIn, and for more
information, visit www.aviationcapitalgroup.com.
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Media Relations: MediaRelations@AviationCapital.com
Investor Relations: Matthew Novell
InvestorRelations@AviationCapital.com