Aviation Capital Group (ACG) has closed the sale of $1 billion of 2.875% unsecured senior notes due January 20, 2022 at a price of 99.364% of par. 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.
"Today’s debt issuance represents a landmark transaction for ACG. This transaction was our largest unsecured offering to date, generated considerable interest among institutional investors and achieved highly competitive pricing," says Eric Blau, treasurer, Aviation Capital Group.
Including today’s transaction, ACG has raised more than $11 billion of debt financing since the beginning of 2010.