STAMFORD – Aircastle Limited announced and its wholly-owned subsidiary, Aircastle (Ireland) Designated Activity Co., on April 23 priced $650 million aggregate principal amount of 5.000% Senior Notes due 2031 at an issue price of 99.636%.
The notes will be the Issuers’ unsecured senior obligations and will initially be fully and unconditionally guaranteed on a senior unsecured basis by Aircastle subsidiary, Aircastle Advisor LLC. The offering is expected to close on April 28.
The issuers intend to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of aircraft, as well as refinancing a portion of their existing indebtedness.
Aircastle Limited, whose headquarters are located at 201 Tresser Blvd, acquires, leases, and sells commercial jet aircraft to airlines throughout the world. As of Feb. 28, Aircastle owned and managed 282 aircraft leased to 76 customers located in 45 countries.
