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Aviation Capital Group closes $1B unsecured notes sale

Aviation Capital Group Corp. has closed the sale of $1 billion of 2.875% unsecured senior notes due Jan. 20, 2022.

The notes were sold at a price of 99.364% of par. The company plans to use proceeds from the sale for general corporate purposes, including paying down debt.

Aviation Capital Group is the commercial aircraft leasing arm of Pacific Life Insurance Co.