Aviation Capital Group gets $650 million secured funding facility

By Sarah Lizee

Olympia, Wash., March 13 – Aviation Capital Group LLC closed a $650 million secured funding facility to support its aircraft financing solutions business, according to a press release.

The facility was structured by Credit Agricole and includes an accordion option which can be exercised to provide up to $1 billion in total commitments.

The initial $650 million commitment was provided by a syndicate of the company’s relationship banks including Credit Agricole, Societe Generale, BNP Paribas, Commerzbank, Caixa Bank and Credit Industriel et Commercial Bank.

Aviation Capital is an aircraft operating lessor based in Newport Beach, Calif.

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