Aviation Capital Group (ACG) has closed a $650 million secured funding facility in support of its Aircraft Financing Solutions (AFS) business.
The facility was structured by Credit Agricole and includes an accordion option, which can be exercised to provide up to $1 billion in total commitments.
The initial $650 million commitment was provided by a syndicate of banks including Credit Agricole, Societe Generale, BNP Paribas, Commerzbank, Caixa Bank, and Credit Industriel et Commercial Bank.
Update: As of 31 March 2023, $415.1 million was outstanding under the facility.
