Aviation Capital begins cash tender offer for 7.125% notes due 2020

By Rebecca Melvin

New York, June 10 – Aviation Capital Group LLC announced that it has begun a cash tender offer to purchase any and all of its $600 million 7.125% senior notes due Oct. 15, 2020 (Cusips: 05367AAA1, U05357AA3).

The tender offer will expire at 5 p.m. ET on June 16, and the settlement is expected to occur on June 18.

Holders will be eligible to receive a total cash consideration of $1,000 per $1,000 principal amount of notes plus accrued interest.

The tender is conditioned on a minimum amount of notes being tendered.

D.F. King & Co., Inc. (800 669-5550, 212 269-5550, acg@dfking.com) is the information agent of the tender, and J.P. Morgan Securities LLC (212 834-3424, 866 834-4666) is the dealer manager.

Aviation Capital Group, a privately held subsidiary of Pacific Life Insurance Co., is a global aircraft leasing company based in Newport Beach, Calif.

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