New Issue: Aviation Capital prices $600 million 3 7/8% three-year notes at par

By Paul A. Harris

Portland, Ore., Sept. 24 - Aviation Capital Group Corp. priced $600 million of three-year senior notes (/BB+/BBB) at par to yield 3 7/8% in a Tuesday crossover transaction, according to a market source.

Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and UBS Investment Bank were the joint bookrunners for the deal, which was priced on the investment-grade desk.

The Newport Beach, Calif.-based provider of aircraft operating leases plans to use the proceeds for general corporate purposes.

Issuer:	Aviation Capital Group Corp.
Amount:	$600 million
Maturity:	Sept. 27, 2016
Securities:	Senior notes
Bookrunners:	Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Investment Bank
Coupon:	3 7/8%
Price:	Par
Yield:	3 7/8%
Trade date:	Sept. 24
Settlement date:	Sept. 27
Ratings:	Standard & Poor's: BB+
	Fitch: BBB
Distribution:	Rule 144A for life
Marketing:	Quick to market

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