Aviation Capital Group closes US$1bn 5-year unsecured senior notes

Aviation Capital Group, the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has closed the sale of US$1bn of 2.875% unsecured senior notes due January 20, 2022 at a price of 99.364% of par. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party.