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Aviation Capital Sells $750M In Notes

Aviation Capital Group has raised $750 million through the sale of notes in the 144a private placement market.

Aviation Capital Group has raised $750 million through the sale of notes in the 144a private placement market, The Wall Street Journal reports. The company intends to use the net proceeds for general corporate purposes, which could include the repayment of outstanding debt securities.

The notes carry a coupon rate of 6.75% and are scheduled to mature on April 6, 2021. The airline spare parts provider appointed BNP Paribas, Credit Suisse and JP Morgan as the joint bookrunning managers for the deal.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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