Aircastle and its subsidiaries closed a new $375 million unsecured term loan. Fifth Third Bank, Industrial and Commercial Bank of China (New York branch), The Huntington National Bank and PNC Capital Markets are the joint lead arrangers and lenders. The facility has a term of five years and has an expansion feature that can be activated within six months of closing.
“This new financing demonstrates the strong support we receive from the broader banking community on terms that are very attractive given the volatile macro conditions,” Roy Chandran, chief financial officer of Aircastle, said. “Our unparalleled access to capital markets is a competitive edge, granting us the ability to execute efficiently as we grow our portfolio of sought-after aircraft.”
