Aviation Capital Group closes $650 million secured funding facility

Aircraft asset manager Aviation Capital Group has closed of a $650 million secured funding facility in support of its growing Aircraft Financing Solutions (AFS) business. The facility was structured by Crédit Agricole and includes an accordion option which can be exercised to provide up to $1 billion in total commitments. The initial $650 million commitment was provided by a syndicate of the company’s relationship banks including Crédit Agricole, Société Générale, BNP Paribas, Commerzbank, Caixa Bank, and Crédit Industriel et Commercial Bank. “ACG is delighted to have partnered with our relationship banks to deliver this funding warehouse in support of our