Aviation Capital Group Announces Completion of a $270 Million Private Debt Offering.

NEWPORT BEACH, Calif. -- Aviation Capital Group has announced that it completed a private debt offering of $270 million of senior unsecured notes.

The notes were sold in a private placement to various institutional investors. Merrill Lynch & Co. and Calyon Securities were the joint lead placement agents, and HSH N Financial Securities LLC was the co-agent for the offering. Aviation Capital Group intends to use the net proceeds of the offering to refinance existing secured debt and pre-fund future aircraft purchases.

The notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. This news release is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale is unlawful.

One of the First Tier aircraft leasing enterprises in the world, Aviation Capital Group is owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world's leading airlines. Its portfolio includes more than 230 aircraft leased to 98 airlines in 43 countries. ACG has 110 aircraft on future order from Airbus and Boeing. ACG's Capital Markets Group also provides asset management and remarketing services to aircraft investors and institutional clients. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific LifeCorp.