Aviation Capital Group closes USD900m of unsecured senior notes

Aviation Capital Group (ACG) said it has closed the sale of USD900 million of unsecured senior notes consisting of USD600 million of its 2.875 percent unsecured senior notes, due September 17, 2018 at a price of 99.553 percent of par, and USD300 million of its 4.875 percent unsecured senior notes, due October 1, 2025 at a price of 99.597 percent of par.

Proceeds from the offering will be used for general corporate purposes, including repayment of existing indebtedness, and to fund strategic opportunities. 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 and owns or manages a portfolio of over 250 aircraft, which are leased to approximately 90 customers in over 40 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance company.