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Aircastle Announces Pricing of Private Placement of $800 Million Aggregate Principal Amount of Senior Notes

Aircastle Limited (NYSE: AYR) announced today the pricing of $500 million aggregate principal amount of 6.75% senior notes due 2017 (the "2017 notes") and $300 million aggregate principal amount of 7.625% senior notes due 2020 (the "2020 notes" and, together with the 2017 notes, the "notes"). The 2017 notes were priced at par. The 2020 notes were priced at par. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in accordance with Regulation S under the Securities Act. Aircastle plans to use the net proceeds of the private placement to repay outstanding indebtedness under its Term Financing No. 1, with any remainder for general corporate purposes, including the purchase of aviation assets.

Posted-In: News Financing Offerings

 

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