Aircastle amends, extends revolvers; capacity now $2.1 billion

By William Gullotti

Buffalo, N.Y., Feb. 12 – Aircastle Ltd. amended and extended all of its existing revolving credit facilities on Monday, expanding their combined capacity to $2.1 billion, according to a press release.

The company’s $1 billion unsecured revolver has been extended by three years, to February 2028 from April 2025, and was not expanded. Citibank NA, Fifth Third Bank NA, Goldman Sachs Bank USA, J.P. Morgan Chase Bank, NA and Royal Bank of Canada are the joint lead managers and joint bookrunners for the facility. BNP Paribas, Credit Agricole CIB, Mizuho Bank, Ltd., MUFG Bank, Ltd. and BMO Harris Bank NA were also listed as participating lenders.

Aircastle’s $200 million revolver with Mizuho Marubeni Leasing Americas Corp. was extended to January 2027. Its $300 million revolver with Mizuho Bank, Ltd. was extended to February 2027. Both extensions were for two years and did not include an expansion.

The fourth amended revolver, provided by 24 financial institutions led by DBS Bank Ltd., was expanded to $600 million from $375 million. The expanded revolver was extended by three years to January 2028.

The company indicated that the expanded, extended facilities were being utilized to increase their portfolio of narrow-body aircraft.

Relevant details, such as administrative agents and interest rates, were not included in the press release.

Stamford, Conn.-based Aircastle acquires, leases and sells commercial jet aircraft to airlines.

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