Aircastle Limited (NYSE: AYR) has increased the size of its unsecured revolving credit facility to USD675 million from USD600 million and extended its maturity by one year to May 2020, the company said.
The facility will provide working capital for general corporate purposes, including aircraft acquisition.
The facility participants consist of nine 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, DBS Bank Ltd., MUFG Union Bank, N.A., BNP Paribas and Deutsche Bank AG New York Branch, as lenders.
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.