Aviation Capital Group (ACG) signed a $1.48 billion unsecured term loan facility agreement entered into by a wholly owned subsidiary of ACG, ACG Aircraft Financing Ireland DAC, as borrower, and guaranteed by ACG. The facility was syndicated to 33 lenders across multiple countries and matures in July 2031. Amounts available under the facility must be drawn by January 2027, and no amounts have been drawn to date.
All amounts borrowed under the facility will be utilized by ACG Aircraft Financing Ireland DAC and, through on-lending, ACG Aircraft Leasing Ireland, a wholly owned subsidiary of ACG, for general corporate purpose, including capital expenditures, payment or repayment of outstanding debt, working capital and expenses in relation to the facility.
The facility was arranged by DBS Bank, The Bank of East Asia, Cathay United Bank, China Construction Bank, CTBC Bank, Industrial and Commercial Bank of China, and Oversea-Chinese Banking. DBS Bank served as global coordinator and Wilmington Trust (London) is acting as the agent for the lenders.
“We are thrilled to announce the closing of our second transaction for ACG Ireland,” Eric Blau, senior vice president, treasurer and head of capital markets of ACG, said. “The success of this transaction is a testament to the incredible support ACG and its subsidiaries receive from our global lender base and is a clear demonstration of the depth and sophistication of the APAC lending market in our sector.”
