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Aircastle expands credit facility, extends maturity

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Aircastle expands credit facility, extends maturity

Aircastle Ltd.said March 29 that it increased the size of its unsecured revolving credit facilityto $675 million from $600 million.

In addition, the company extended the maturity of the creditfacility by one year to May 2020. The facility will provide working capital forgeneral corporate purposes, including aircraft acquisition.

The facility participants consist of nine global financial institutions,with Citibank NA, Goldman Sachs Bank USA, J.P. Morgan Chase Bank NA and Royal Bankof Canada as joint lead arrangers; Citibank NA as agent; and Citibank NA, GoldmanSachs Bank USA, J.P. Morgan Chase Bank NA, Royal Bank of Canada, Credit AgricoleCorporate & Investment Bank, DBS Bank Ltd., MUFG Union Bank NA, BNP Paribasand Deutsche Bank AG New York Branch as lenders.