Aviation Capital Group Announces Completion of a $150 Million Corporate Revolving Credit Facility

Tuesday April 22, 8:30 am ET

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group announced that it completed a $150 million corporate unsecured revolving credit line.

The transaction was arranged by BNP Paribas (Documentation Agent), Credit Suisse (Syndication Agent) and National City Bank (Administration Agent).

Use of proceeds is for general corporate purposes and aircraft acquisitions.

One of the first tier aircraft leasing enterprises in the world, Aviation Capital Group is owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world's leading airlines. Its portfolio includes more than 200 owned aircraft leased to more than 90 airlines in more than 40 countries. ACG's Capital Markets Group also provides asset management for more than 20 aircraft and remarketing services to aircraft investors and institutional clients. ACG has 120 outstanding aircraft orders from Airbus and Boeing with a list price value of more than $11 billion. ACG was founded in 1989 and is a wholly-owned subsidiary of Pacific LifeCorp.

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Source: Aviation Capital Group

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