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

NEWPORT BEACH, Calif.—(BUSINESS WIRE)—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.