Aircastle completes a USD120m senior unsecured term loan

Aircastle Limited (NYSE: AYR) has completed a USD120 million senior unsecured term loan with a group of seven Japanese financial institutions led by Development Bank of Japan, which served both as the transaction arranger and lender, the company said.

The loan has a three-year term, and it will provide working capital for general corporate purposes, including aircraft acquisitions.

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of December 31, 2015, Aircastle´s aircraft portfolio consisted of 162 aircraft on lease with 53 customers located in 34 countries.