Aviation Capital Group (ACG), an aircraft asset manager, closed a $600 million unsecured revolving line of credit with its 100% owner Tokyo Century. The facility has an initial term of three years and will automatically extend for additional one-year periods with mutual consent.

“This intercompany line of credit is an example of the tremendous support Tokyo Century provides to ACG and clearly demonstrates their ongoing commitment to our continued success,” Khanh T. Tran, president and CEO of ACG, said.

“Maintaining our strong investment grade rating profile is very important to both ACG and Tokyo Century. This multi-year $600 million line of liquidity provides an additional layer of capital support which benefits the company and our investors,” Madhu Vijay, executive vice president and CFO of ACG, said.