Aviation Capital Group LLC (“ACG”) announced today the closing of its sale of $800 million aggregate principal amount of senior unsecured notes (the “Notes”), consisting of $500 million aggregate principal amount of its 4.125% senior unsecured notes due 2025 and $300 million aggregate principal amount of its floating rate senior unsecured notes due 2021. 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. The Notes are recourse only to ACG and are not guaranteed by any of ACG’s equity holders or subsidiaries, or any third party.
“We are pleased to announce the successful closing of our latest 144A bond issuance. The transaction’s dual-tranche structure provided highly efficient funding for our business plan and was well received by our investors,” said Eric Blau, senior vice president and treasurer, ACG.