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J.P. Morgan Securities, Others Arrange Aviation Capital’s $850MM Facility

October 21, 2013, 07:54 AM
Filed Under: Aviation

Aviation Capital Group (ACG) closed a four-year senior unsecured revolving credit facility of $850 million. The facility increases ACG's committed revolving debt capacity to $1 billion and provides increased flexibility to support its operations and growth.

The transaction was broadly supported with thirteen banks participating in the facility. The lead arrangers of the facility are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., BNP Paribas, and RBC Capital Markets.

"We are pleased with the support that our banking partners continue to provide. ACG continues to demonstrate its ability to access additional sources of capital while migrating towards a more flexible corporate capital structure," says Bryan Billings, Vice President and Treasurer of ACG.

ACG is one of the world's premier aircraft asset managers deploying its operating lease platform to provide fleet strategy solutions to airlines and asset management services to financial investors worldwide. ACG owns or manages a portfolio of over 250 aircraft, which are leased to approximately 90 customers in approximately 40 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company, a Pacific LifeCorp company.

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