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Published on 10/3/2023 in the Prospect News Investment Grade Daily.

New Issue: Aviation Capital prices $500 million 6.75% notes due 2028 at 225 bps spread

By Marisa Wong and Cristal Cody

Los Angeles, Oct. 3 – Aviation Capital Group LLC priced $500 million of 6.75% five-year notes at Treasuries plus 225 basis points on Monday, according to a market source.

Initial price talk was in the Treasuries plus 245 bps area.

BofA Securities Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., MUFG and Regions Securities LLC are the bookrunners.

The aircraft leasing company is based in Newport Beach, Calif.

Issuer:Aviation Capital Group LLC
Amount:$500 million
Issue:Notes
Maturity:Oct. 25, 2028
Bookrunners:BofA Securities Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., MUFG and Regions Securities LLC
Coupon:6.75%
Spread:Treasuries plus 225 bps
Pricing date:Oct. 2
Initial price talk:Treasuries plus 245 bps area

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