Aviation Capital Group (ACG) announced today that it has closed the sale of $900 million of unsecured senior notes consisting of $600 million of its 2.875% unsecured senior notes, due September 17, 2018 at a price of 99.553% of par, and $300 million of its 4.875% unsecured senior notes, due October 1, 2025 at a price of 99.597% of par. Proceeds from the offering will be used for general corporate purposes, including repayment of existing indebtedness, and to fund strategic opportunities. The Notes are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party.
“Today’s debt issuance demonstrates our ongoing commitment to efficiently fund the business in a manner consistent with our asset liability management program while maintaining financial and operational flexibility,” says Eric Blau, treasurer, Aviation Capital Group. Including today’s transaction, ACG has raised more than $8 billion of debt financing since the beginning of 2010.
Africa’s rapidly expanding urban youth population, rising middle class and accelerating infrastructure development are set to propel passenger traffic growth of nearly 6% per year through 2045,...
The Los Angeles Rams have touched down in Melbourne on a Qantas charter flight ahead of Friday's NFL game at the Melbourne Cricket Ground, the first regular season game the league has played in Au...
Synhelion has entered into a MoU with the Government of Morocco to advance the development of a large‑scale commercial synthetic fuel plant in the country’s southern Tan‑Tan province. The p...
Aircraft from emerging markets can represent excellent acquisition opportunities but understanding where and how an aircraft operates should shape the pre-purchase inspection and wider due diligence p...
