Aircastle increased its unsecured revolving credit facility to $1 billion from $900 million with a $100 million commitment from BMO Harris. The facility expires in April 2025 and provides working capital for general corporate purposes and aircraft acquisition.
In addition to BMO, the facility’s participants consist of nine financial institutions, with Citibank, Goldman Sachs Bank, JPMorgan Chase, Royal Bank of Canada, Fifth Third Bank, Credit Agricole Corporate & Investment Bank, MUFG Bank, BNP Paribas and Mizuho Bank as lenders.
“We appreciate the commitment of BMO joining the strong, ongoing support of our bank group to bring this revolving credit facility to $1 billion,” Michael Inglese, Aircastle’s CEO, said. “As we pursue exciting investment opportunities in a profitable and disciplined manner, our strong access to capital markets is a strategic strength along with our investment grade rating and unique ownership structure.”
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