Loan & DebtJun 1, 2026, 06:07 AM
Aircastle Secures $375M Unsecured 5-Year Term Loan
AI Summary
Aircastle Advisor LLC, a wholly owned subsidiary of Aircastle Limited, entered into a new five-year unsecured term loan facility for $375 million on May 20, 2026. The Credit Agreement, with Fifth Third Bank and other lenders, includes an option to increase the loan amount to $425 million during the first six months. The loan will bear interest at Term SOFR plus 1.30% and is guaranteed by Aircastle Limited and its subsidiary Aircastle Ireland Designated Activity Company, with proceeds intended for working capital and general corporate purposes.
Key Highlights
- Aircastle Advisor LLC, a subsidiary, secured a new 5-year unsecured term loan.
- The initial term loan amount is $375,000,000.
- Option to increase the aggregate loan amount to $425,000,000 within six months.
- The loan bears interest at Term SOFR plus 1.30%.
- Aircastle Limited and Aircastle Ireland DAC will guarantee the obligations.
- Proceeds are designated for working capital and other corporate purposes.
Price Impact
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