#United States #Senior Notes #Stamford #Aircastle Limited #Aircraft Acquisition

Aircastle Unveils $500 Million Senior Notes Offering

Aircastle Limited recently announced an important financial move, pricing a significant $500 million aggregate principal amount of 5.250% Senior Notes due in 2030. This action represents a strategic step as the company continues to position itself for growth in the aviation capital market.

Details of the Offering

The offering features an issue price set at 99.171%, indicating a well-structured investment opportunity for potential buyers. Funds raised through this offering are intended for general corporate purposes, which notably includes the acquisition of aircraft. Aircastle also hinted at the possibility of utilizing these proceeds for refinancing existing debt, demonstrating a keen strategy to enhance its financial stability.

The expected closing date for this offering is January 31, 2025, pending the usual closing conditions being met. Notably, the notes are being offered exclusively to those who qualify as institutional buyers under Rule 144A of the Securities Act of 1933. They will also be made available outside the U.S. in accordance with Regulation S, indicating Aircastle's intention to attract global investors.

Regulatory Compliance and Market Strategy

It is essential to note that these notes have not been registered under the Securities Act and may not be sold in the U.S. unless applicable exemptions apply. This regulatory compliance showcases Aircastle's commitment to adhering to legal frameworks as it seeks to broaden its funding sources.

Aircastle Limited, through its wholly-owned subsidiary, Aircastle (Ireland) Designated Activity Company, aims to leverage this capital for its operational needs, which could include expanding its fleet of commercial aircraft. As of November 30, 2024, Aircastle managed a diverse portfolio of 253 aircraft under lease agreements with 76 airline customers across 47 countries. This extensive network underscores the company’s significant footprint in the aviation sector.

Forward-Looking Statements

In its announcement, Aircastle made forward-looking statements regarding the potential success of the offering and the projected closing date. The company cautions that the completion of the offering is contingent on various market conditions and factors beyond its control. Thus, while optimistic, it urges stakeholders not to place undue reliance on these projections.

About Aircastle Limited

Founded to engage in the acquisition, leasing, and sale of commercial jet aircraft, Aircastle has established itself as a reliable partner for airlines globally. The company's agile strategy positions it well to capitalize on market opportunities, backed by its substantial fleet and diverse customer base.

As the aviation industry continues to evolve, Aircastle remains committed to innovation and growth, promising to keep stakeholders informed of its progress and future initiatives. The management team at Aircastle highlights the robust demand for aircraft in the industry and anticipates that by refining their debt structure and increasing their fleet through strategic acquisitions, they will enhance their overall market performance in the coming years.

In conclusion, with the issuance of these senior notes, Aircastle clearly signals its intent to expand and modernize its operations while addressing existing financial commitments. Investors and market observers will be watching closely as this offering unfolds, given the company's established reputation and growing role in the aviation market.