Daily News: October 21, 2013

J.P. Morgan, Others Arrange Aviation Capital Revolver

Aviation Capital Group announced that it closed a four-year senior unsecured revolving credit facility of $850 million. The facility increases ACG’s committed revolving debt capacity to $1 billion and provides increased flexibility to support its operations and growth. The lead arrangers of the facility are J.P. Morgan Securities, Citigroup Global Markets, BNP Paribas and RBC Capital Markets.

The transaction was broadly supported with 13 banks participating in the facility.

“We are pleased with the support that our banking partners continue to provide. ACG continues to demonstrate its ability to access additional sources of capital while migrating towards a more flexible corporate capital structure,” says Bryan Billings, vice president and treasurer of ACG.

ACG, a premier aircraft asset manager, deploys its operating lease platform to provide fleet strategy solutions to airlines and asset management services to financial investors worldwide.