STAMFORD, Conn., March 21, 2016 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the pricing of $500 million aggregate principal amount of its 5.00% senior notes due 2023 (the "notes"). 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 has filed a registration statement (including a base prospectus) and a prospectus supplement with the Securities and Exchange Commission (the "SEC") for the offering of the notes. Before you invest, you should read the base prospectus and prospectus supplement relating to the notes and the other documents Aircastle has filed with the SEC for more complete information about Aircastle and the notes. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the prospectus supplement and accompanying base prospectus may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005 or by calling (800) 503-9672.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The notes may be offered only by means of a prospectus supplement and accompanying base prospectus.
All statements in this press release, other than characterizations of historical fact, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include the anticipated use of proceeds of the offering as well as the anticipated closing date of the offering. These statements are based on our current plans, estimates and expectations and are subject to a number of factors, including risks and uncertainties, that could lead to actual results materially different from those described in the forward-looking statements; Aircastle can give no assurance that its expectations will be attained. Such forward-looking statements speak only as of the date of this press release. Aircastle expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.
About Aircastle Limited
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.
For more information on Aircastle, please visit www.aircastle.com.
Aircastle Advisor LLC
Frank Constantinople, SVP Investor Relations
The IGB Group
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SOURCE Aircastle Limited