Aircastle amended and extended all of its existing revolving credit facilities, increasing the aggregate capacity of the facilities to $2.1 billion and extending the maturity dates to 2027 and 2028.
First, Aircastle closed a $1 billion senior unsecured revolving credit facility with 10 financial institutions, with the expiration date of the facility extended by three years from April 2025 to February 2028. Citibank, Fifth Third Bank, Goldman Sachs Bank USA, JPMorgan Chase Bank, and Royal Bank of Canada are joint lead arrangers and bookrunners, while BNP Paribas, Credit Agricole Corporate & Investment Bank, Mizuho Bank, MUFG Bank and BMO Harris Bank are lenders for the facility.
In addition, Aircastle extended the maturity of its $200 million revolving credit facility with Mizuho Marubeni Leasing Americas and its $300 million revolving credit facility with Mizuho Bank. These facilities were both extended by two years to mature in January 2027 and February 2027, respectively.
The company also amended and closed a revolving credit facility with 24 participating financial institutions led by the DBS Bank. The size of the facility was increased from $375 million to $600 million and its term was extended by three years to January 2028.
“These four facilities among 35 lenders demonstrate the strong support we receive from our bank groups and the extensions of our facilities with Mizuho Marubeni Leasing Americas Corporation and Mizuho Bank further represent the enduring commitment we receive from our shareholders,” Michael Inglese, Aircastle’s CEO, said. “Aircastle’s expansive access to capital markets is helping us grow our portfolio of sought-after narrow-body aircraft. Along with the support of our shareholders, Marubeni Corporation and Mizuho Leasing, we’re optimistic about the near and long-term horizons of our unique business model.”
Aircastle acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of Nov. 30, 2023, Aircastle owned and managed on behalf of its joint ventures 245 aircraft leased to 73 customers located in 42 countries.
