Aviation Capital Group LLC has announced that it has closed the sale of USD 650 million of 3.875% senior unsecured notes due 2023, the company said.
Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not guaranteed by ACG´s parent company, any of ACG´s subsidiaries, or any third party.
Aviation Capital Group is one of the world´s premier full service aircraft asset managers with 439 owned, managed and committed aircraft as of December 31, 2017, which are leased to approximately 95 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance company.