Market Overview

Aircastle Closes $150 Million Unsecured Revolving Credit Facility

Share:

Aircastle Limited (NYSE: AYR) ("Aircastle" or the "Company") announced today that it closed a $150 million unsecured revolving credit facility ("the Facility") among the Company, Citibank, N.A. as administrative agent and lender, Goldman Sachs Bank USA, as lender, JPMorgan Chase Bank, N.A., as lender and an affiliate of RBC Capital Markets, as lender. The Facility matures in December of 2015.

Mike Inglese, Aircastle's CFO, stated, "This undrawn corporate credit facility bolsters the Company's already strong liquidity position and, together with $1.6 billion in financings completed during 2012, demonstrates the financial market's support of our disciplined, return-oriented growth strategy."

Posted-In: News Financing

 

Related Articles (AYR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→