Aviation Capital Group Amends, Extends $1.5B Unsecured Credit Facility

Aviation Capital Group amended and extended a $1.50 billion four-year senior unsecured revolving credit facility whereby the maturity date was extended to April 26, 2020 and commitments increased by $555 million.

Together with another four-year senior unsecured revolving credit facility, ACG has $1.72 billion of revolving commitments from 23 institutions globally.

“We are thrilled with the generous support shown by our partner banks”, said Eric Blau, VP and treasurer of ACG. “The closing of this transaction provides ACG an even higher degree of liquidity and enhances our capital flexibility and certainty of execution as we carry out our business strategy.”

JPMorgan Chase Bank served as administrative agent and Royal Bank of Canada was the syndication agent. Both JPMorgan Chase and RBC together with BNP Paribas Securities, Citigroup Global Markets and Mizuho Bank all acted as joint lead arrangers.

Aviation Capital Group is an aircraft asset manager with more than 380 owned, managed and committed aircraft, which are leased to approximately 100 airlines in over 45 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.

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