Aviation Capital Group Announces Closing of $800 Million Senior Unsecured Notes Offering

Aviation Capital Group LLC (“ACG”) announced today the closing of its
sale of $800 million aggregate principal amount of senior unsecured
notes (the “Notes”), consisting of $500 million aggregate principal
amount of its 4.125% senior unsecured notes due 2025 and $300 million
aggregate principal amount of its floating rate senior unsecured notes
due 2021. ACG intends to use the net proceeds from the Notes for general
corporate purposes, including repayment of outstanding indebtedness and
the purchase of commercial aircraft. The Notes are recourse only to ACG
and are not guaranteed by any of ACG’s equity holders or subsidiaries,
or any third party.

“We are pleased to announce the successful closing of our latest 144A
bond issuance. The transaction’s dual-tranche structure provided highly
efficient funding for our business plan and was well received by our
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 465 owned, managed and committed aircraft
as of March 31, 2018, 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005729/en/

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