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Aircastle closes $120M senior unsecured term loan with Japanese financial institutions group

AircastleLtd. completed a $120 million senior unsecured term loan with agroup of seven Japanese financial institutions, the company said April 11.

The term loan was led by Development Bank of Japan, which servedboth as the transaction arranger and lender. The loan has a three-year term, and it will provide working capital forgeneral corporate purposes, including aircraft acquisitions.