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Published on 6/13/2023 in the Prospect News Investment Grade Daily.

New Issue: Aviation Capital sells $500 million 6.375% seven-year notes at Treasuries plus 273 bps

By William Gullotti and Cristal Cody

Buffalo, N.Y., June 13 – Aviation Capital Group LLC sold $500 million of 6.375% seven-year notes on Monday, according to a market source.

The notes priced with a spread of 273 basis points over Treasuries, low to talk in the Treasuries plus 300 bps area.

Credit Agricole CIB, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA Inc. and Wells Fargo Securities LLC are the bookrunners.

Aviation Capital Group is a Newport Beach, Calif., global aircraft leasing company and a subsidiary of Tokyo Century Corp.

Issuer:Aviation Capital Group LLC
Amount:$500 million
Issue:Notes
Maturity:July 15, 2030
Bookrunners:Credit Agricole CIB, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA Inc. and Wells Fargo Securities LLC
Coupon:6.375%
Spread:Treasuries plus 273 bps
Trade date:June 12
Price talk:Treasuries plus 300 bps area

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