Aviation Capital Group (ACG) closed its sale of $500 million aggregate principal amount of 6.375% senior unsecured notes due 2030. The Notes are recourse only to ACG and are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party.
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.
“We are pleased to announce the successful closing of our second bond issuance in 2023. Today’s issuance extends our debt maturity profile and illustrates our commitment to efficiently fund the business with prudent asset liability management,” said Matthew Novell, Vice President and Assistant Treasurer of ACG.