Aviation Capital Group Closes $1 Billion Unsecured Facility

Barchart · 10/18 12:39

Aviation Capital Group LLC (“ACG”) today announced the closing of a $1 billion unsecured facility (the “Facility”) entered into by a wholly owned subsidiary of ACG, ACG Aircraft Financing Ireland DAC, as borrower and guaranteed by ACG. The Facility, which is comprised of a $500 million term loan facility and a $500 million revolving credit facility, was syndicated to 23 lenders and matures in October 2029. Amounts under the term loan facility must be drawn within one month of the closing date of the Facility.

Together with ACG’s $2.5 billion revolver and $1.2 billion line of credit from its parent company, Tokyo Century, ACG on a consolidated basis has access to $4.2 billion of unsecured revolving credit. All amounts borrowed under the Facility will be utilized by ACG Aircraft Financing Ireland DAC and, through on-lending, ACG Aircraft Leasing Ireland Limited, a wholly owned subsidiary of ACG, for general corporate purpose, including capital expenditures, payment or repayment of outstanding debt, working capital, and expenses in relation to the Facility.

The Facility was arranged by DBS Bank Ltd., Bank of China Limited, London Branch, CTBC Bank Co., Ltd, The Korea Development Bank, Singapore Branch, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Trust Bank Limited, New York Branch.

“We are thrilled with the closing of ACG Ireland’s inaugural financing and the tremendous support of our lead arrangers and lending banks,” said Eric Blau, Senior Vice President, Head of Capital Markets and Treasurer of ACG. “This facility adds significant new relationships to ACG’s banking group and expands ACG’s presence in the APAC market.”

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of July 31, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit www.aviationcapitalgroup.com.