Aviation Capital Group (ACG) has amended and extended a $1.5bn four-year senior unsecured revolving credit facility. The maturity date of the facility was extended to April 26, 2020 and commitments increased by $555 million. Together with another four-year senior unsecured revolving credit facility, ACG has $1.72 billion of revolving commitments from 23 institutions globally.
“We are thrilled with the generous support shown by our partner banks,” said Eric Blau, VP and Treasurer of ACG. “The closing of this transaction provides ACG an even higher degree of liquidity and enhances our capital flexibility and certainty of execution as we carry out our business strategy.”
JPMorgan Chase was administrative agent, Royal Bank of Canada was syndication agent, together with BNP Paribas Securities, Citigroup Global Markets and Mizuho Bank, all acted as joint lead arrangers.