Phoenix Aviation Capital, a full-service aircraft lessor managed by AIP Capital and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P., announced the closing of its offering of $550 million of 9.25% senior unsecured notes due 2030 ("the Notes").

RBC Capital Markets ("RBC") acted as Left Lead Bookrunner. RBC, Citigroup, Morgan Stanley, Natixis and BNP Paribas acted as Joint Active Bookrunners. Oppenheimer & Co., BC Partners, Fifth Third Securities and HSBC acted as Joint Bookrunner. Cadwalader, Wickersham & Taft LLP served as issuer's counsel to Phoenix. Cahill Gordon served as counsel to the initial purchasers.  

Proceeds from the issuance of the Notes will be used to repay existing indebtedness and general corporate purposes.

"We are proud to announce the closing of Phoenix's first unsecured bond issuance," said Patrick Schafer, Managing Director at BC Partners and board member of Phoenix. "We are grateful for the strong interest and support from our investors in the inaugural offering and look forward to our continued growth together."