Phoenix Aviation Capital Closes $550 Million Senior Unsecured Notes Offering
- Editor
- Jun 25
- 1 min read
Whats Happening:
Phoenix Aviation Capital, a full-service aircraft lessor managed by AIP Capital, has successfully closed a $550 million offering of 9.25% senior unsecured notes due 2030. This move expands the fund's capital base and increases its total available liquidity to approximately $760 million. The proceeds will be used to repay existing debt and for general corporate purposes.
Key Moves:
Phoenix Aviation Capital closes $550 million senior unsecured notes offering
Notes are due in 2030 with a 9.25% interest rate
Total available liquidity increased to approximately $760 million
By The Numbers:
$550 million: Size of the senior unsecured notes offering
9.25%: Interest rate on the notes
~$760 million: Total available liquidity after the offering
Key Quotes:
"We are proud to announce the closing of Phoenix's first unsecured bond issuance," said Patrick Schafer, Managing Director at BC Partners and board member of Phoenix.
"We are grateful for the strong interest and support from our investors in the inaugural offering and look forward to our continued growth together."
Bottom Line:
Phoenix Aviation Capital's successful $550 million notes offering demonstrates investor confidence in the fund and strengthens its financial position. The increased liquidity provides the fund with greater flexibility for future investments and operations in the aircraft leasing market.