NEWPORT BEACH, Calif. – April 26, 2017 – Aviation Capital Group LLC (“ACG”) announced today that it has amended and extended a $1.50 billion senior unsecured revolving credit facility with J.P. Morgan Chase Bank N.A. as administrative agent, whereby the maturity date was extended by two years to April 26, 2022.
“We deeply value our relationships with our partner banks and are very pleased with their longterm support of ACG. This five year committed facility marks a milestone first for our company and maintains ACG at the forefront of innovation in our industry,” said Matthew Novell, assistant vice president, Treasury, ACG.
Together with another senior unsecured revolving credit facility, ACG has $1.72 billion of revolving commitments from 23 institutions globally.
Aviation Capital Group is one of the world’s premier full service aircraft asset managers with approximately 426 owned, managed and committed aircraft, which are leased to approximately 100 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect wholly owned subsidiary of Pacific Life Insurance Company.