Aviation Capital Group LLC has amended and extended a USD 1.50bn senior unsecured revolving credit facility with J.P. Morgan Chase Bank N.A. as administrative agent, whereby the maturity date was extended by two years to April 26, 2022, the company said.
Together with another senior unsecured revolving credit facility, ACG has USD 1.72bn of revolving commitments from 23 institutions globally.
Aviation Capital Group is a full service aircraft asset manager with approximately 413 owned, managed and committed aircraft, which are leased to approximately 100 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect wholly owned subsidiary of Pacific Life Insurance company.