Aviation Capital Group Announces Closing of $450 Million Unsecured Term Loan

Aviation Capital Group LLC (ACG), announced today the closing of a $450 million unsecured term loan with its parent company, Tokyo Century Corporation.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, September 25, 2020
Information
Tags: 
Professional services, Air, Transport, Finance, Japan Bank for International Cooperation, Financial services, Economy, Loan, Airline, Finance, Tokyo
Geotags: 
California, United States
⚠ generated by AI ↴
Organisation: 
AVIATION CAPITAL GROUP
Summary
Key Points: 
  • Aviation Capital Group LLC (ACG), announced today the closing of a $450 million unsecured term loan with its parent company, Tokyo Century Corporation.
  • Tokyo Century, with the support of the Japan Bank for International Cooperation (JBIC) and other Japanese financial institutions, borrowed this debt capital on behalf of ACG and lent the proceeds to ACG via an intercompany loan.
  • We are deeply grateful for the support provided by JBIC and other financial institutions to the overseas business growth of Tokyo Century.
  • Aviation Capital Group was founded in 1989 and is one of the worlds premier full-service aircraft asset managers with over 450 owned, managed and committed aircraft as of August 17, 2020, which are leased to approximately 90 airlines in approximately 45 countries.


Aviation Capital Group LLC (“ACG”), announced today the closing of a $450 million unsecured term loan with its parent company, Tokyo Century Corporation. Tokyo Century, with the support of the Japan Bank for International Cooperation (“JBIC”) and other Japanese financial institutions, borrowed this debt capital on behalf of ACG and lent the proceeds to ACG via an intercompany loan.

“We are deeply grateful for the support provided by JBIC and other financial institutions to the overseas business growth of Tokyo Century. ACG has always been focused on ensuring a diversified access to financing. This loan is an important element that will allow ACG and Tokyo Century to continue to meet our mission and business plan in supporting our industry partners and customers,” said Madhu Vijay, Executive Vice President and CFO of ACG.

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 over 450 owned, managed and committed aircraft as of August 17, 2020, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

Copyright: 
Copyright Business Wire 2020