STAMFORD, Conn., June 27, 2018 /PRNewswire/ -- Aircastle
Limited ("Aircastle" or the "Company") (NYSE: AYR) announced today
that it increased the size of its unsecured revolving credit
facility to $800 million from
$675 million and extended its
maturity by more than two years to June 2022. The facility
will provide working capital for general corporate purposes,
including aircraft acquisition.
The facility participants consist of seven leading global
financial institutions, 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, MUFG Bank, Ltd., and BNP Paribas, as lenders.
Michael Inglese, Aircastle's CEO,
stated, "We appreciate the continued support of our premier global
bank group partners, whose confidence in Aircastle's business is
clearly reflected in this enhanced commitment. In line with the
recent positive developments from multiple leading credit rating
agencies, this increased and extended revolver further ensures that
Aircastle is well-positioned to achieve long-term, profitable
growth and value for shareholders."
Safe Harbor
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, but are not
necessarily limited to, statements relating to our proposed public
offering of notes and our ability to acquire, sell, lease or
finance aircraft, raise capital, pay dividends, and increase
revenues, earnings, EBITDA, Adjusted EBITDA, Adjusted Net Income,
Cash Return on Equity and Net Cash Interest Margin 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 press 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 1A of Aircastle's 2017 Annual Report on Form
10-K. 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 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 March 31, 2018, Aircastle owned and managed on
behalf of its joint ventures 234 aircraft leased to 81 customers
located in 44 countries.
Contacts:
|
|
Aircastle Advisor
LLC
|
The IGB
Group
|
Frank Constantinople,
SVP Investor Relations
|
Leon
Berman
|
Tel:
+1-203-504-1063
|
Tel:
+1-212-477-8438
|
fconstantinople@aircastle.com
|
lberman@igbir.com
|
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SOURCE Aircastle Limited