Equivariant Vector Bundles on Varieties with Codimension-one Orbits

Let $G$ be an algebraic group and let $X$ be a smooth $G$-variety with two orbits: an open orbit and a a closed orbit of codimension $1$. We give an algebraic description of the category of $G$-equivariant vector bundles on $X$ under a mild technical hypothesis. We deduce simpler classifications in the special cases of line bundles and vector bundles which are generically local systems. We apply our results to the study of admissible representations of semisimple Lie groups. Our main result gives a new set of constraints on the associated cycles of unipotent representations.