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ACG closes JPY6.8bn debt placement
08 December 2011
The unsecured notes were placed with four Asian banks.
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Aviation Capital Group (ACG)
private debt placement
unsecured notes
Japan
Singapore Exchange Securities Limited
Aviation Capital Group (ACG) has closed a JPY6.8bn ($88 million) private debt placement, the first in Japan for the US lessor. ACG will use the proceeds for general corporate purposes, including funding its aircraft portfolio.
The unsecured notes, which mature in three years, were placed with four Asian banks, including Japanese banks. The lenders were mandated in the third quarter of 2011 and the transaction closed in November.
Milbank acted for the lenders, while...
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