Aviation Capital Group closed sale of $600 million 5.375% senior unsecured notes due 2029.
""Today’s debt issuance marks another successful 144A offering for ACG and a continuation of our ongoing strategy to efficiently fund the company’s growth,” said Eric Blau, senior vice president, head of Capital Markets and treasurer of ACG. “We appreciate the ongoing support of our investor base and welcome the addition of our newest investors.”
The notes are recourse only to ACG and are not guaranteed by ACG’s parent company, subsidiaries, or any third party.
ACG intends to use the net proceeds for general corporate purposes, including repayment of outstanding indebtedness and the purchase of commercial aircraft.
ACG closes $600 million senior unsecured notes issuance
