By Wendy Van Sickle
Columbus, Ohio, July 13 – Aircastle Ltd. sold $650 million of 6.5% senior notes due 2028 (Baa3) on Thursday at 99.815, according to a press release.
Aircastle will use the proceeds from the Rule 144A and Regulation S issue for general corporate purposes, possibly including the acquisition of aircraft, as well as refinancing a portion of its debt.
Stamford, Conn.-based Aircastle acquires, leases and sells commercial jet aircraft to airlines.
| Issuer: | Aircastle Ltd.
|
| Amount: | $650 million
|
| Issue: | Senior notes
|
| Maturity: | 2028
|
| Coupon: | 6.5%
|
| Price: | 99.815
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Rating: | Moody’s: Baa3
|
| Distribution: | Rule 144A and Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
