Aviation Capital Group has closed its largest senior unsecured private placement today.
The $1 billion five-year senior unsecured notes have a coupon of 2.875%. The proceeds will be used for general corporate purposes, as well as to pay off existing debt.
"Today’s debt issuance represents a landmark transaction for ACG," says Eric Blau, treasurer of ACG. "This transaction was our largest unsecured offering to date, generated considerable interest among institutional investors and achieved highly competitive pricing."
ACG has raised more than $11 billion of debt since the beginning of 2010.
Source: Cirium Dashboard
