Aviation Capital Group Announces Closing of $650 Million of Senior Unsecured Notes

NEWPORT BEACH, Calif. (May 1, 2018) – Aviation Capital Group LLC (“ACG”) announced today that it has closed the sale of $650 million of 3.875% senior unsecured notes due 2023. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party.

“Today’s debt issuance marks another successful 144A offering for ACG and a continuation of our ongoing strategy to efficiently fund the company’s growth. We appreciate the ongoing support of our investor base and welcome the addition of our newest investors,” said Eric Blau, senior vice president and treasurer, ACG.

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full service aircraft asset managers with 439 owned, managed and committed aircraft as of December 31, 2017, which are leased to approximately 95 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any jurisdiction and may be offered or sold only in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The Notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

Investor and Media Relations: Gordon Grant +1 949 219 4664