Announces $500 Million Secured Credit Facility in support of its AFS Business
Summary
NEWPORT BEACH, Calif. (September 5, 2023) Aviation Capital Group LLC (ACG) announced today the closing of a $500 million secured credit facility in support of its Aircraft Financing Solutions (AFS) business. The facility was structured by BNP Paribas and Soci\xe9t\xe9 G\xe9n\xe9rale and includes an accordion option which can be exercised to provide up to $1 billion in total availability. The initial commitment was provided by a syndicate of ACGs relationship banks, including BNP Paribas, Soci\xe9t\xe9 G\xe9n\xe9rale, Wells Fargo Bank, Commerzbank, Cr\xe9dit Industriel et Commercial, and Sumitomo Mitsui Trust Bank.ACG is excited to announce the closing of our second AFS credit facility, said Robert Lewandowski, Managing Director of ACG. This facility further enhances our ability to support our airline customers with innovative financing solutions to help meet their capital requirements. We sincerely thank BNP Paribas and Soci\xe9t\xe9 G\xe9n\xe9rale for their leadership in closing this transaction quickly and efficiently, and we are thankful for the support shown by the participating banks as we continue to grow our AFS program.Aviation Capital Group is one of the worlds premier full-service aircraft asset managers with over 480 owned, managed and committed aircraft as of June 30, 2023, leased to roughly 90 airlines in approximately 45 countries.