Aviation Capital Group Closes $750,000,000 Senior Notes Offering

NEWPORT BEACH, Calif.—(BUSINESS WIRE)—Aviation Capital Group (ACG) announced today that it has closed the sale of $750 million of its 6.750% senior notes due April 6, 2021. Proceeds from the offering will be used for general corporate purposes.

The joint book-running managers for the offering were BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC.

In 2010, ACG issued $600 million of Rule 144A senior notes and $255 million of privately placed unsecured notes. Including the sale of the notes announced today, ACG has raised a total of approximately $3.64 billion in debt financing since the beginning of 2008.

ACG is a leading operating lessor of commercial jet aircraft to airlines worldwide. ACG manages a portfolio of over 245 aircraft, which are leased to more than 90 airlines in 38 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.