Tokyo Century Corporation
Notice Regarding the Issuance of Unsecured Senior Notes in USD with Financial Covenants by Aviation Capital Group LLC
Consolidated subsidiary ACG has issued unsecured senior notes totaling USD 1,000 million and set a financial covenant requiring unsecured assets to be maintained at no less than 125% of unsecured liabilities. The issue date is January 22, 2026.
Key Figures
- Total Issuance Amount: USD 1,000 million in total (two tranches of USD 400 million and USD 600 million)
- Interest Rates: 4.250% per annum (USD 400 million), 4.875% per annum (USD 600 million)
- Maturities: April 2029 (USD 400 million), January 2033 (USD 600 million)
AI要約
Overview of Bond Issuance
Aviation Capital Group LLC (ACG), a consolidated subsidiary of Tokyo Century Corporation, has decided to issue unsecured senior notes totaling USD 1,000 million to finance aircraft acquisitions, debt repayments, and general corporate purposes. The issuance consists of two tranches of USD 400 million and USD 600 million, with interest rates of 4.250% and 4.875% per annum respectively. The issue date is January 22, 2026, with maturities scheduled for April 2029 and January 2033.
Financial Covenants and Outlook
The bond issuance is accompanied by a financial covenant requiring ACG’s consolidated unsecured assets to be maintained at no less than 125% of unsecured liabilities. There is no revision to the earnings guidance for the fiscal year ending March 2026 resulting from this issuance. Additionally, the bonds are issued in compliance with U.S. SEC Rule 144A and Regulation S and will not be publicly offered in the United States.
