Aviation Capital Group Announces Closing of $500 Million Senior Unsecured Notes
NEWPORT BEACH, Calif. (October 5, 2023) – Aviation Capital Group LLC (“ACG”) announced today the closing of its sale of $500 million aggregate principal amount of 6.750% senior unsecured notes due 2028 (the “Notes”). The Notes are recourse only to ACG and are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party. ACG intends to use the net proceeds from the Notes for general corporate purposes, including repayment of outstanding indebtedness and the purchase of commercial aircraft.
“We are pleased to announce the successful closing of our third bond issuance in 2023, bringing our total issuances this year to $1.6 billion,” said Matthew Novell, Vice President and Assistant Treasurer of ACG. “We very much appreciate the continued support of our investors as we deliver on our plan and invest in new technology aircraft.”
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