Aircastle Limited (NYSE: AYR) has announced that it has increased the size of its unsecured revolving credit facility from USD 675m to USD 800m, and has extended its maturity by more than two years to June 2022, the company said.
The facility will provide working capital for general corporate purposes, including aircraft acquisition.
The facility participants consist of seven leading global financial institutions, with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal Bank of Canada, as joint lead arrangers; Citibank, N.A., as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A., Royal Bank of Canada, Credit Agricole Corporate & Investment Bank, MUFG Bank, Ltd., and BNP Paribas, as lenders.
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of March 31, 2018, Aircastle owned and managed on behalf of its joint ventures 234 aircraft leased to 81 customers located in 44 countries.