NEWPORT BEACH, Calif. (Jun. 16, 2020) – Aviation Capital Group LLC (ACG), a leading aircraft asset manager, today announced the expiration and results of its previously announced cash tender offer to purchase any and all of its 7.125% Senior Notes due October 15, 2020 (the “Notes”). The tender offer expired at 5:00 p.m., New York City time, on June 16, 2020 (the “Expiration Time”). As of the Expiration Time, $204,504,000 aggregate principal amount of the Notes (34.08% of the Notes outstanding) have been validly tendered and not validly withdrawn. There were no Notes subject to guaranteed delivery procedures. ACG expects to accept for payment all Notes validly tendered and not validly withdrawn in the tender offer and to make payments for the Notes on June 18, 2020. Tendering holders will receive the purchase price in the amount of $1,000 for each $1,000 principal amount of Notes tendered, plus accrued and unpaid interest to, but not including, the payment date. Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding.
J.P. Morgan Securities LLC acted as dealer manager for the tender offer and D.F. King & Co., Inc. is serving as the tender agent and information agent. Persons with questions regarding the tender offer should contact J.P. Morgan Securities LLC at (212) 834-3424 (collect) or (866) 834-4666 (toll-free), and requests for documents may be directed to D.F. King & Co., Inc., at (800) 669-5550 (toll-free) or, for banks and brokers, at (212) 269-5550.
This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any securities. The tender offer was made solely by means of an offer to purchase, dated as of June 10, 2020, and the related notice of guaranteed delivery and was not made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.