Aircraft asset manager Aviation Capital Group closed a $500 million secured credit facility in support of its aircraft financing solutions business. BNP Paribas and Société Générale structured the facility, which includes an accordion option that can be exercised to provide up to $1 billion in total availability.

A syndicate of Aviation Capital Group’s relationship banks, including BNP Paribas, Société Générale, Wells Fargo, Commerzbank, Crédit Industriel et Commercial and Sumitomo Mitsui Trust Bank, provided the initial commitment for the facility.

“[Aviation Capital Group] is excited to announce the closing of our second [aircraft financing solutions] credit facility,” Robert Lewandowski, managing director of Aviation Capital Group, said. “This facility further enhances our ability to support our airline customers with innovative financing solutions to help meet their capital requirements. We sincerely thank BNP Paribas and Société Générale for their leadership in closing this transaction quickly and efficiently, and we are thankful for the support shown by the participating banks as we continue to grow our [aircraft financing solutions] program.”