debt
confidence high
sentiment neutral
materiality 0.50
Aircastle enters $600M unsecured term loan with MUFG and Sumitomo Mitsui Trust Bank
Aircastle LTD
- $600M unsecured term loan, five-year maturity; option to increase to $700M within first year.
- Interest at Term SOFR plus 1.40% per annum; Base Rate loans at plus 0.40%.
- Proceeds used for working capital and other corporate purposes of the Borrower.
- Guaranteed by Aircastle Limited and subsidiary Aircastle (Ireland) Designated Activity Company.
- Covenants include limitations on additional debt, liens, investments, and restricted payments.