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Aviation Capital signs US$425 million senior loan
Tokyo Century subsidiary’s deal part of lessor’s positioning for global post-Covid upturn
Michael Marray 14 Sep 2022

As aircraft lessors position themselves for a global industry post-Covid pandemic upturn, Aviation Capital Group has signed a US$425 million senior unsecured term loan with a syndicate of lenders and Mizuho Bank as administrative agent. 

The term loan matures in July 2025 and includes an accordion feature allowing for an additional US$250 million of commitments.

Newport Beach, California-based Aviation Capital Group is a wholly owned subsidiary of Tokyo Century Corporation. As of June 30, it had 475 owned, managed and committed aircraft, leased to 85 airlines in 45 countries.

In July, Aviation Capital Group amended and extended its senior unsecured revolving credit facility, with JPMorgan Chase Bank as administrative agent.

Total revolving commitments were increased to approximately US$2.4 billion from US$2.1 billion, across 21 financial institutions, and the final maturity date of the facility was extended from June 3 2025 to June 3 2026.

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