Aircastle Limited today announced the pricing of $500 million in aggregate principal amount of 5.750% Senior Notes due 2031, alongside its wholly-owned subsidiary, Aircastle (Ireland) Designated Activity Company. The Notes were issued at an initial price of 99.640%.

The proceeds from this offering are intended for general corporate purposes, which may include acquiring new aircraft and refinancing a portion of Aircastle’s existing debt. The offering is anticipated to close on July 18, 2024, pending the fulfillment of customary closing conditions.

The Notes were offered in the United States to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and internationally under Regulation S of the Securities Act. The Notes have not been and will not be registered under the Securities Act, making them unavailable for offer or sale within the United States except under specific exemptions or transactions not subject to registration requirements.

This announcement does not constitute an offer to sell or a solicitation to buy any of the Notes. It also does not represent an offer, solicitation, or sale in any jurisdiction where such activities would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

To facilitate the offering, the Issuers have engaged leading financial institutions to act as joint book-running managers. These institutions will oversee the issuance process and ensure compliance with all regulatory requirements, supporting the successful execution of this significant financial endeavor.

In addition to bolstering their financial flexibility, this move reflects Aircastle’s ongoing strategy to strengthen its position in the global aircraft leasing market. By securing this substantial financing, Aircastle aims to enhance its operational capabilities and support its long-term growth objectives.

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