NEWPORT BEACH, Calif. (Jun. 16, 2020) – Aviation Capital Group LLC (ACG), a leading aircraft asset manager, today announced the expiration and results of its previously announced cash tender offer to purchase any and all of its 7.125% Senior Notes due October 15, 2020 (the “Notes”). The tender offer expired at 5:00 p.m., New York City time, on June 16, 2020 (the “Expiration Time”). As of the Expiration Time, $204,504,000 aggregate principal amount of the Notes (34.08% of the Notes outstanding) have been validly tendered and not validly withdrawn. There were no Notes subject to guaranteed delivery procedures. ACG expects to accept for payment all Notes validly tendered and not validly withdrawn in the tender offer and to make payments for the Notes on June 18, 2020. Tendering holders will receive the purchase price in the amount of $1,000 for each $1,000 principal amount of Notes tendered, plus accrued and unpaid interest to, but not including, the payment date. Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding.

J.P. Morgan Securities LLC acted as dealer manager for the tender offer and D.F. King & Co., Inc. is serving as the tender agent and information agent. Persons with questions regarding the tender offer should contact J.P. Morgan Securities LLC at (212) 834-3424 (collect) or (866) 834-4666 (toll-free), and requests for documents may be directed to D.F. King & Co., Inc., at (800) 669-5550 (toll-free) or, for banks and brokers, at (212) 269-5550.

This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any securities. The tender offer was made solely by means of an offer to purchase, dated as of June 10, 2020, and the related notice of guaranteed delivery and was not made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Aviation Capital Group

Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of March 31, 2020, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. These forward-looking statements include statements regarding expectations as to the transactions contemplated by the tender offer. Any such statements, other than statements of historical fact, are based upon ACG’s current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Such statements speak only as of the time when made, and ACG undertakes no obligation to update any such statement now or in the future.

Gordon Grant
Head of Investor & Media Relations – Communications
+1 949 219 4664

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