Aircastle Limited (NYSE: AYR) has priced USD500 million aggregate principal amount of its 5.00 percent senior notes due 2023, the company said.
The notes were priced at par.
Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness. The offering is expected to close on March 24, 2016, subject to the satisfaction of customary closing conditions.
Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
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.