GHG Emissions, Commercial, Finance - November 7, 2024
Aviation Capital Group Closes Sustainability-Linked Loan
Aviation Capital Group LLC (ACG), a global full-service aircraft asset manager, announced the closing of its inaugural sustainability-linked loan.
The $550 million senior unsecured term loan matures in October 2027 and was entered into with a syndicate of lenders. The term loan includes an accordion feature that allows ACG to request up to $300 million of additional lender commitments.
In alignment with the company’s ESG goals, the loan contains sustainability-linked terms pursuant to which ACG will receive pricing adjustments based on its performance against two key performance indicators (KPIs): increasing the share of new generation aircraft in ACG’s fleet and reducing the carbon intensity of its owned fleet.
“We are proud to close our inaugural sustainability-linked loan, a significant milestone in aligning our financing strategy with ACG’s long-term commitment to sustainability,” said Gordon Grant, Vice President and Head of ESG at ACG, in a statement. “This facility reinforces our efforts to reduce the carbon intensity of our fleet and increase our share of new generation aircraft, driving positive environmental impact across the aviation industry.”
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