Aviation Capital Group (ACG) closed a $1bn unsecured facility.
The facility is comprised of a $500 million term loan facility and a $500 million revolving credit facility and was syndicated to 23 lenders. The facility matures in October 2029.
Together with ACG’s $2.5bn revolver and $1.2bn line of credit from its parent company - Tokyo Century - ACG on a consolidated basis has access to $4.2bn of unsecured revolving credit.
“We are thrilled with the closing of ACG Ireland’s inaugural financing and the tremendous support of our lead arrangers and lending banks,” said Eric Blau, senior vice president, head of capital markets and treasurer of ACG. “This facility adds significant new relationships to ACG’s banking group and expands ACG’s presence in the APAC market.”
The facility was arranged by DBS Bank, Bank of China London Branch, CTBC Bank, The Korea Development Bank Singapore Branch, Oversea-Chinese Banking Corporation and Sumitomo Mitsui Trust Bank, New York Branch.