Aircastle Secures $650 Million in Senior Notes for Growth
Aircastle Secures $650 Million in Senior Notes Due 2030
Aircastle Limited, a prominent player in the aircraft leasing industry, has taken a significant step by pricing $650 million in aggregate principal amount of 5.000% Senior Notes due 2030. This strategic financial move is designed to enhance the company’s operational capabilities and ensure continued growth in the competitive aviation sector.
Details of the Senior Notes Offering
The newly issued notes, priced at an issue price of 99.306%, are part of Aircastle's unsecured senior obligations. These Securities are designed to bolster liquidity, which the company intends to utilize for various corporate purposes, including potential aircraft acquisitions and refinancing existing debts.
Structural Integrity of the Securities
The Securities will be guaranteed on a senior unsecured basis by Aircastle's wholly-owned subsidiary, Aircastle Advisor LLC. This structure ensures that investors are supported by robust corporate governance, enhancing investor confidence in the offering.
Use of Proceeds from the Offering
Aircastle's management has outlined that the net proceeds from the offering will primarily support general corporate needs. This can vary from acquiring new aircraft to improving financial leverage through refinancing efforts, thereby strengthening the company's balance sheet.
Target Market for Securities
These Senior Notes are being offered primarily in the United States to qualified institutional buyers, following guidelines set forth by Rule 144A under the Securities Act of 1933. Moreover, they are being marketed outside the United States under Regulation S, ensuring a broad reach to potential investors.
About Aircastle Limited
Aircastle Limited is well-known for its role in acquiring, leasing, and selling commercial jet aircraft worldwide. With a solid portfolio as of recent reports, the company manages 272 aircraft that are leased to 78 airline clients across 47 countries, underscoring its extensive market presence and operational strength in the global aviation industry.
Corporate Communications at Aircastle
For any inquiries or more information regarding the recent offerings or corporate strategies, interested parties can reach out to Jim Connelly, SVP of ESG & Corporate Communications at Aircastle Advisor LLC. Jim is available at +1 (203) 504-1871 for corporate communications related matters.
Frequently Asked Questions
What are the key details of the Senior Notes issued by Aircastle?
Aircastle has priced $650 million in Senior Notes with a 5.000% interest rate due 2030 at an issue price of 99.306%.
What will the proceeds from the Senior Notes be used for?
The proceeds will be utilized for general corporate purposes, including aircraft acquisitions and refinancing existing debts.
Who can invest in these Senior Notes?
These notes are primarily offered to qualified institutional buyers in the U.S. and follow Regulation S guidelines for international investments.
How many aircraft does Aircastle manage?
As of recent reports, Aircastle manages a fleet of 272 aircraft leased to 78 airline customers across 47 countries.
Who can I contact for more information about Aircastle?
For inquiries, you can reach out to Jim Connelly at Aircastle Advisor LLC via telephone at +1 (203) 504-1871.
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