Newport Beach-based Aviation Capital Group LLC, one of the world’s largest leasers of jets to commercial airlines, announced today the closing of its sale of $1 billion aggregate principal amount of 5.500% senior unsecured notes due 2024.
ACG, a unit of Tokyo Century Corporation, intends to use the net proceeds from the notes for general corporate purposes, including repayment of outstanding indebtedness and the purchase of commercial aircraft.
Khanh T. Tran is chief executive of ACG, which reported revenue of $1.1 billion in 2019, ranking it No. 19 on the Business Journal’s annual list of the county’s largest private companies.
