Aviation Capital Group Closes $300,000,000 Senior Notes Offering

NEWPORT BEACH, Calif.--()--Aviation Capital Group (ACG) announced today that it has closed the sale of $300 million of its 4.625% senior notes due January 31, 2018. Proceeds from the offering will be used for general corporate purposes.

The joint book-running managers for the offering were Credit Agricole CIB, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities.

“ACG is very pleased by the continuing support of the investment community in this important source of capital for the Company. The successful offering reflects the considerable investor relations work we have done to support this program and our efforts to increase transparency to the capital markets,” says Bryan Billings, ACG’s vice president and treasurer.

Including the sale of the notes announced today, ACG has raised approximately $3 billion of senior unsecured debt financing in the U.S. and Asian markets since the beginning of 2010.

ACG is a leading operating lessor of commercial jet aircraft to airlines worldwide. ACG owns or manages a portfolio of approximately 260 aircraft, which are leased to approximately 90 airlines in approximately 40 countries. In addition to leasing the aircraft that it owns, ACG also provides aircraft management and remarketing services to third-party investors and financial institutions. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company, a Pacific LifeCorp company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Note, nor shall there be any offer, solicitation or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The Notes were issued in a private placement transaction and were offered and resold inside the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (Securities Act), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act or any state securities laws. Further, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements and, therefore, will be subject to substantial restrictions on transfer.

Contacts

Aviation Capital Group
Cathy Egan, 949-219-4631

Release Summary

Aviation Capital Group (ACG) announced today that it has closed the sale of $300 million of its 4.625% senior notes due January 31, 2018. ACG is a leading operating lessor of commercial jet aircraft.

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Contacts

Aviation Capital Group
Cathy Egan, 949-219-4631