STAMFORD, Conn., July 15,
2024 /PRNewswire/ -- Aircastle Limited ("Aircastle")
announced today that it and its wholly-owned subsidiary, Aircastle
(Ireland) Designated Activity
Company (together with Aircastle, the "Issuers"), priced
$500 million aggregate principal
amount of 5.750% Senior Notes due 2031 (the "Notes") at an issue
price of 99.640%. The Issuers plan to use the net proceeds of the
offering for general corporate purposes, which may include the
acquisition of aircraft, as well as refinancing a portion of
Aircastle's existing indebtedness. The offering is expected to
close on July 18, 2024, subject to
the satisfaction of customary closing conditions.
The Notes were offered in the United
States to persons reasonably believed to be qualified
institutional buyers pursuant to Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and outside
the United States pursuant to
Regulation S under the Securities Act. The Notes have not been and
will not be registered under the Securities Act and may not be
offered or sold in the United
States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of May 31, 2024, Aircastle owned and managed on
behalf of its joint venture 259 aircraft leased to 77 airline
customers located in 44 countries.
Safe Harbor
Certain statements in this press release are forward-looking
statements within the meaning of the federal securities laws,
including the Private Securities Litigation Reform Act of 1995,
including, but not limited to, the Issuers' ability to consummate
the offering and issue the Notes, expected closing date of the
offering and the intended use of proceeds of the offering. Words
such as "anticipates," "expects," "intends," "plans," "projects,"
"believes," "may," "will" and variations on these words and similar
expressions are intended to identify such forward-looking
statements. The consummation of the offering is subject to market
conditions and other factors that are beyond the Issuers' control.
Accordingly, no assurance can be given that the offering will be
completed on the contemplated terms or at all and you should not
place undue reliance on any forward-looking statements contained in
this press release. In addition, new risks and uncertainties emerge
from time to time, and it is not possible for the Issuers to
predict or assess the impact of every factor that may cause their
actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Issuers expressly
disclaim any obligation to revise or update publicly any
forward-looking statement to reflect future events or
circumstances.
Contacts:
Aircastle Advisor LLC
Jim Connelly, SVP ESG &
Corporate Communications
Tel: +1-203-504-1871
jconnelly@aircastle.com
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SOURCE Aircastle Advisor LLC