Aircastle Announces Extension of $600 Million Revolving Credit Facility to May 2019

STAMFORD, Conn., May 13, 2015 /PRNewswire/ -- Aircastle Limited ("Aircastle" or the "Company") (NYSE: AYR) announced today that it extended the maturity of its existing unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal Bank of Canada, as joint lead arrangers; Citibank, N.A., as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A., Royal Bank of Canada, Credit Agricole Corporate & Investment Bank, DBS Bank Ltd., Los Angeles Agency, MUFG Union Bank, N.A., BNP Paribas and Deutsche Bank AG New York Branch, as lenders.  The facility, which will be used for working capital, including the acquisition of aircraft, is for $600 million, and will now expire on May 13, 2019.

Mike Inglese, Aircastle's CFO, stated, "We appreciate the strong continued support of our bank group and are pleased to extend Aircastle's unsecured revolving credit facility to May of 2019.  This facility, which is provided by nine leading global financial institutions, enhances our ability to grow and generate accretive returns for shareholders."

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of March 31, 2015, Aircastle's aircraft portfolio consisted of 152 aircraft on lease with 54 customers located in 34 countries.

Safe Harbor

All statements included or incorporated by reference in this Press Release (this "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, but are not necessarily limited to, statements relating to our ability to acquire, sell, lease or finance aircraft, raise capital, pay dividends, and increase revenues, earnings, EBITDA, Adjusted EBITDA and Adjusted Net Income and the global aviation industry and aircraft leasing sector. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on our historical performance and that of our subsidiaries and on our current plans, estimates and expectations and are subject to a number of factors 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. Accordingly, you should not place undue reliance on any such forward-looking statements which are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this Release.  These risks or uncertainties include, but are not limited to, those described from time to time in Aircastle's filings with the SEC and previously disclosed under "Risk Factors" in Item 1 A of Aircastle's 2014 Annual Report on Form 10-K, and elsewhere in this Release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Aircastle to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this Release. Aircastle expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.

Contact:
Frank Constantinople, SVP Investor Relations
Tel: +1-203-504-1063
[email protected]  

The IGB Group
Leon Berman
Tel: +1-212-477-8438
[email protected]

SOURCE Aircastle Limited

Related Links

http://www.aircastle.com