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Aviation Capital Group Increases Credit Facility to $2 Billion

June 10, 2019, 07:10 AM
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Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced the upsize, amendment and extension of its five-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein. Total commitments increased by $370 million, to approximately $2 billion, and the maturity date was extended to June 3, 2024. Together with another unsecured revolving credit facility, ACG has $2.2 billion of revolving commitments from 24 financial institutions globally.

Aviation Capital Group is full-service aircraft asset manager with approximately 500 owned, managed and committed aircraft as of March 31, which are leased to approximately 90 airlines in approximately 45 countries. ACG was founded in 1989 and is a private company that is majority owned by Pacific Life Insurance Company.

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