Aircastle (AYR) Announces $800M Senior Debt Offering
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Aircastle Limited (NYSE: AYR) plans to offer an aggregate of $800 million principal amount of its senior notes due 2017 and its senior notes due 2020.
The allocation between the tranches will be determined at a later date. The notes will be offered only to qualified institutional buyers and outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933, as amended.
Aircastle plans to use the net proceeds of the private placement to repay outstanding indebtedness under its Term Financing No. 1, with any remainder for general corporate purposes, including the purchase of aviation assets.
The allocation between the tranches will be determined at a later date. The notes will be offered only to qualified institutional buyers and outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933, as amended.
Aircastle plans to use the net proceeds of the private placement to repay outstanding indebtedness under its Term Financing No. 1, with any remainder for general corporate purposes, including the purchase of aviation assets.
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