Vedder Thinking | News Vedder Price Advises Aviation Capital Group on Offering of $800 Million of Unsecured Notes
August 1, 2018
Vedder Price has advised Aviation Capital Group LLC (ACG), one of the world’s premier full service aircraft asset managers, in connection with its Rule 144A/Regulation S offering of $500 million of 4.125% senior unsecured notes due 2025 and $300 million of floating rate notes due 2021, which closed today. ACG intends to use the proceeds of the notes for general corporate purposes, including the repayment of outstanding indebtedness and the purchase of commercial aircraft.
Kevin MacLeod, Shareholder and Head of the New York Capital Markets Group, led the team for Vedder Price, commenting: “ACG continues to successfully execute its capital markets financing strategy and we at Vedder Price are proud to have supported ACG’s latest offering."
In addition to Mr. MacLeod, the Vedder Price team included Capital Markets Shareholder John Blatchford, Tax Shareholder Matthew Larvick, Associate Amir Heyat and Law Clerk Michael Ogle.
The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.