Aircastle Limited (NYSE: AYR) plans to offer an aggregate of USD400 million principal amount of its senior notes due 2023, the company said.
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.
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.