Aircastle announces proposed offering of $400 million aggregate principal amount of senior notes

Dino D'Amore
By Dino D'Amore March 12, 2014 11:04

Aircastle announces proposed offering of $400 million aggregate principal amount of senior notes

Aircastle has announced plans to offer an aggregate of $400 million principal amount of its senior notes due 2021. Aircastle plans to use the net proceeds of the offering, together with cash on hand, to fund the repayment or redemption of its 9.75% senior notes due 2018, which S&P Capital IQ shows quoted at 107.75, yielding 2.12%. Some $450 million is outstanding.

Joint bookrunners are Goldman Sachs, BNP Paribas, Citigroup Global Markets, Credit Agricole Securities, Deutsche Bank, J.P. Morgan, Mitsubishi UFJ, and RBC Capital Markets. Cowen & Company is co-manager.

Dino D'Amore
By Dino D'Amore March 12, 2014 11:04
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