Aircastle prices USD 650m aggregate principal amount of senior notes

Aircastle Limited has announced the pricing of its 5.250% senior notes due 2025 at an issue price of 99.057%, the company said.

Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the repayment, refinancing or redemption of its existing indebtedness. The offering is expected to close on August 11, 2020, subject to the satisfaction of customary closing conditions.

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of June 30, 2020, Aircastle owned and managed on behalf of its joint ventures 283 aircraft leased to 80 customers located in 44 countries.