NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Aviation Capital Group LLC (“ACG”), received the Aviation 100 “Americas Editor’s Deal of the Year” award for the Aircraft Financing Solutions (“AFS”) $1 billion Funding Facility and the Aviation 100 “Asia-Pacific Supported Finance Deal of the Year” for the $500 million NEXI Loan Financing.
ACG launched its AFS Program in March 2018, which focuses on the development and marketing of credit-enhanced financing structures to provide airline customers more alternatives and greater access to additional sources of capital for aircraft purchases. The AFS funding facility was structured by Crédit Agricole, and the initial $650 million commitment was provided by a syndicate of ACG’s relationship banks including Crédit Agricole, Société Générale, BNP Paribas, Commerzbank, Caixa Bank, and Crédit Industriel et Commercial Bank. The facility has an accordion feature that enables ACG to increase the amount of the facility to $1 billion. “As a compliment to the ACG guarantee product, the funding facility enabled ACG to expand its aircraft financing program at the height of the pandemic when bank lending for aircraft finance had moderated and, in some cases, withdrawn entirely,” said Bob Roy, Managing Director of ACG. “Through the facility, we have been able to remain engaged with our customers and offer certainty of execution and attractive terms during a period of great uncertainty.”
In December 2020,…
