Aviation Capital Group (ACG) has upsized its sustainability-linked loan by $25 million to $575 million.
This follows the aircraft lessor extending the maturity date of the loan at the end of last year to January 30, 2029.
"This proactive refinancing extends our overall debt maturity profile and strengthens our relationships with our banking partners,” said ACG VP and assistant treasurer Matthew Novell. “It also underscores ACG’s commitment to investing in the latest fuel-efficient, lowest emissions aircraft technology.”
ACG said its portfolio of owned aircraft and commitments comprises of 73% new generation aircraft.
Mizuho Bank and BNP Paribas acted as co-sustainability structuring agents for the facility. Mizuho acted as administrative agent.