Aircastle Limited announced it extended the maturity of its existing unsecured revolving credit facility with Citibank, Goldman Sachs Bank, JPMorgan Chase Bank and Royal Bank of Canada as joint lead arrangers; Citibank as agent; and Citibank, Goldman Sachs Bank, JPMorgan Chase Bank,, Royal Bank of Canada, Credit Agricole Corporate & Investment Bank, DBS Bank, Los Angeles Agency, MUFG Union Bank, BNP Paribas and Deutsche Bank AG New York Branch, as lenders.

The facility, which will be used for working capital, including the acquisition of aircraft, is for $600 million, and will now expire on May 13, 2019.

Mike Inglese, Aircastle’s CFO, stated, “We appreciate the strong continued support of our bank group and are pleased to extend Aircastle’s unsecured revolving credit facility to May of 2019. This facility, which is provided by nine leading global financial institutions, enhances our ability to grow and generate accretive returns for shareholders.”

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.