Aviation Capital Group LLC (“ACG”), announced today the closing of a $450 million unsecured term loan with its parent company, Tokyo Century Corporation. Tokyo Century, with the support of the Japan Bank for International Cooperation (“JBIC”) and other Japanese financial institutions, borrowed this debt capital on behalf of ACG and lent the proceeds to ACG via an intercompany loan.
“We are deeply grateful for the support provided by JBIC and other financial institutions to the overseas business growth of Tokyo Century. ACG has always been focused on ensuring a diversified access to financing. This loan is an important element that will allow ACG and Tokyo Century to continue to meet our mission and business plan in supporting our industry partners and customers,” said Madhu Vijay, Executive Vice President and CFO of ACG.