Aviation Capital Group issues $477 million of secured notes

Aviation Capital Group (ACG) has announced the issuance of $477 million of fixed rate secured notes by MACH 1 Cayman Limited and MACH 1 USA LLC, comprised of $403 million of series A notes rated A with an initial LTV of 66.9%; and $74 million of series B notes rated BBB with an initial LTV of 79.2%, assigned by Kroll Bond Rating Agency (KBRA). Proceeds from the issuance of the Notes will be used by ACG to acquire a portfolio of 24 aircraft on lease to 19 lessees located in 15 countries. As of July 31, the initial weighted average age