Phoenix Aviation Capital Closes $550M Senior Unsecured Notes Offering

Whats Happening:

Phoenix Aviation Capital, a full-service aircraft lessor managed by AIP Capital, has successfully closed its inaugural offering of $550 million in 9.25% senior unsecured notes due 2030. This move significantly expands the fund's capital base and increases its total available liquidity to approximately $760 million.

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 increases 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 senior unsecured notes offering marks a significant milestone for the fund, expanding its capital base and liquidity. This move positions the fund for continued growth in the aircraft leasing market, backed by strong investor support and strategic management from AIP Capital and BC Partners.

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