---
schema_version: "secwatch.filing_event.v1"
accession: "0001362988-23-000024"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T10:56:47.393386+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001362988-23-000024
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 3.02, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000136298823000024/0001362988-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000136298823000024/ayr-20230705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001362988-23-000024
- JSON: https://secwatch.observer/filing/0001362988-23-000024.json
- Plain text: https://secwatch.observer/filing/0001362988-23-000024.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1362988/000136298823000024/0001362988-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.