Aircastle completed a $120 million senior unsecured term loan with a group of seven Japanese financial institutions led by Development Bank of Japan, which served both as the transaction arranger and lender. The loan has a three-year term and will provide working capital for general corporate purposes, including aircraft acquisitions.

Mike Inglese, Aircastle’s CFO, stated, “This financing is another example of Aircastle’s success in building on our strategic relationship with Marubeni Corporation, broadening and diversifying our funding sources under favorable terms. We welcome the expansion of our global bank group and look forward to building long-term relationships with these world-class financial institutions.”

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of December 31, 2015, Aircastle’s aircraft portfolio consisted of 162 aircraft on lease with 53 customers located in 34 countries.