Aircastle increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America to $200 million from $100 million and extended its maturity to January 2025. The facility will provide working capital for general corporate purposes, including aircraft acquisition.
Mizuho Marubeni Leasing America is a U.S.-based, wholly-owned subsidiary of Mizuho Marubeni Leasing Corporation.
“Our unique ownership structure continues to be a competitive advantage supporting our favorable credit rating,” Michael Inglese, CEO of Aircastle, said. “This extension and upsizing demonstrates an outstanding commitment to Aircastle’s future by our shareholders through their joint venture, Mizuho Marubeni Leasing Corporation.
“Aircastle’s portfolio of liquid narrow-body aircraft, along with our professional aircraft leasing platform and ready access to capital markets, position us well as we pursue growth in a profitable and disciplined manner.”