Phoenix Aviation Capital and AIP Capital Celebrate Successful $550 Million Notes Offering

Successful Launch of $550 Million Senior Unsecured Notes by Phoenix Aviation Capital

Dublin, Stamford, and New York – June 25, 2025 – In a significant milestone for the aviation finance sector, Phoenix Aviation Capital, a comprehensive aircraft leasing entity managed by AIP Capital, announced the successful conclusion of its inaugural unsecured notes offering amounting to $550 million. The notes, carrying a 9.25% interest rate and maturing in 2030, mark a pivotal moment for the company, enhancing its capital structure and increasing its total liquidity to approximately $760 million.

This opportunity was orchestrated with RBC Capital Markets taking the lead as the Left Lead Bookrunner. Notably, a consortium of financial heavyweights, including Citigroup, Morgan Stanley, Natixis, and BNP Paribas, participated as Joint Active Bookrunners. Other collaborators in the transaction included Oppenheimer & Co., BC Partners, Fifth Third Securities, and HSBC, further solidifying trust in Phoenix's potential within the market.

The funds raised through the issuance of these notes will be directed primarily towards repaying existing debt obligations and facilitating general corporate activities. This strategic maneuver reflects Phoenix Aviation Capital’s commitment to maintaining solid financial health while positioning the company for future growth and expansion within the aviation sector.

Patrick Schafer, Managing Director at BC Partners and board member of Phoenix, expressed pride in this achievement, stating, “We are excited to announce the successful closing of our first unsecured bond issuance. The tremendous interest and backing we received from our investors underline the confidence in our business model and growth prospects.”

Notably, the notes issued are not registered under the U.S. Securities Act of 1933, making them available only to qualified institutional buyers via Rule 144A, indicating a strong and selective approach towards capital management. Furthermore, these investments will be limited to non-U.S. parties in offshore transactions in compliance with Regulation S of the Securities Act.

This press release serves as an informational announcement and is not an offer to sell or solicit any offers to buy securities. The offering, therefore, is geared towards sophisticated investors who meet the stipulated qualifications.

Forward-Looking Statements

Included in this announcement are forward-looking statements that encompass a variety of assumptions about the future, including but not limited to, expected operational plans, strategies, and financial conditions. These statements, characterized by terms such as