Aircastle to sell $400 million seven-year bullet in Monday drive-by

By Paul A. Harris

Portland, Ore., Jan. 12 – Aircastle Ltd. plans to price a $400 million offering of non-callable seven-year senior notes (expected ratings Ba2/BB+/) on Monday following a late-morning conference call with investors, according to a market source.

J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole CIB, Deutsche Bank Securities Inc., Goldman Sachs & Co., MUFG and RBC Capital Markets are the joint bookrunners for the public offering.

The Stamford, Conn.-based company plans to use the proceeds for general corporate purposes, including possible debt repayment.

Aircastle acquires, leases and sells commercial jet aircraft to airlines.

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