AIRCASTLE SENIOR NOTE OFFERING UPSIZED TO $500 MILLION

Dino D'Amore
By Dino D'Amore March 13, 2014 15:18

AIRCASTLE SENIOR NOTE OFFERING UPSIZED TO $500 MILLION

Aircastle’s senior note issuance announced yesterday has been upsized by $100 million to complete at $500 million in total. The senior notes, due 2021, were rated BB+ and Ba3 and priced at par to yield 5.125% with a spread of T+293.

Joint bookrunners are Goldman Sachs, BNP Paribas, Citigroup Global Markets, Credit Agricole Securities, Deutsche Bank, JP Morgan, Mitsubishi UFJ, and RBC Capital Markets. Cowen & Company is co-manager.
Aircastle plans to use the net proceeds of the offering to fund the repayment or redemption of its 9.75% senior notes due 2018.

Dino D'Amore
By Dino D'Amore March 13, 2014 15:18
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