ACG announcing closing of sale of $600 million notes

Aviation Capital Group (ACG) on April 4 announced the closing of its sale of $600 million 6.25% senior unsecured notes due 2028. The notes are “recourse only to ACG” and are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party, the company said. ACG said it plans to use the net proceeds from the notes “for general corporate purposes, including repayment of outstanding indebtedness and the purchase of commercial aircraft”. “This transaction provided highly efficient funding for our business plan and was well received by our institutional investors,” said Eric Blau, senior vice president and