Aircastle enters subscription agreement for pro rata equity raise of up to $500M

Aircastle LTD

Agreement with existing shareholders MM Air Ltd. and Marubeni Aviation Holdings Coöperatief U.A.
First tranche of $200M expected in July 2023; second tranche up to $300M in Q1 2024.
Second tranche subject to board and shareholder approval; proceeds for general corporate purposes.
Shares issued as unregistered securities relying on Section 4(a)(2) exemption.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aircastle LTD entered into Subscription Agreement with MM Air Ltd. and Marubeni Aviation Holdings Coöperatief U.A. valued at aggregate purchase price of up to $500,000,000 (effective 2023-07-05).

Action: entry
Agreement: equity purchase
Counterparty: MM Air Ltd. and Marubeni Aviation Holdings Coöperatief U.A.
Value: aggregate purchase price of up to $500,000,000
Effective: 2023-07-05

Exact text from the filing

On July 5, 2023, Aircastle Limited (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with the Company's existing shareholders, MM Air Ltd. and Marubeni Aviation Holdings Coöperatief U.A., pursuant to which the Company will make a pro rata issuance of the Company’s common shares, $0.01 par value per share (the “Shares”), in two tranches for an aggregate purchase price of up to $500,000,000.

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Source: SEC EDGAR

accession 0001362988-23-000024

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