STAMFORD, Conn., May 13, 2015 /PRNewswire/ -- Aircastle Limited
("Aircastle" or the "Company") (NYSE: AYR) announced today that it extended the
maturity of its existing unsecured revolving credit facility with
Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal
Bank of Canada, as joint lead
arrangers; Citibank, N.A., as agent; and Citibank, N.A., Goldman
Sachs Bank USA, J.P. Morgan Chase
Bank, N.A., Royal Bank of Canada,
Credit Agricole Corporate & Investment Bank, DBS Bank Ltd., Los
Angeles Agency, MUFG Union Bank, N.A., BNP Paribas and Deutsche
Bank AG New York Branch, as lenders. The facility, which will
be used for working capital, including the acquisition of aircraft,
is for $600 million, and will now
expire on May 13, 2019.
Mike Inglese, Aircastle's CFO,
stated, "We appreciate the strong continued support of our bank
group and are pleased to extend Aircastle's unsecured revolving
credit facility to May of 2019. This facility, which is
provided by nine leading global financial institutions, enhances
our ability to grow and generate accretive returns for
shareholders."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of March 31, 2015, Aircastle's aircraft portfolio
consisted of 152 aircraft on lease with 54 customers located in 34
countries.
Safe Harbor
All statements included or incorporated by reference in this
Press Release (this "Release"), other than characterizations of
historical fact, are forward-looking statements within the meaning
of the federal securities laws, including the Private Securities
Litigation Reform Act of 1995. Examples of forward-looking
statements include, but are not necessarily limited to, statements
relating to our ability to acquire, sell, lease or finance
aircraft, raise capital, pay dividends, and increase revenues,
earnings, EBITDA, Adjusted EBITDA and Adjusted Net Income and the
global aviation industry and aircraft leasing sector. Words such as
"anticipates," "expects," "intends," "plans," "projects,"
"believes," "may," "will," "would," "could," "should," "seeks,"
"estimates" and variations on these words and similar expressions
are intended to identify such forward-looking statements. These
statements are based on our historical performance and that of our
subsidiaries and on our current plans, estimates and expectations
and are subject to a number of factors that could lead to actual
results materially different from those described in the
forward-looking statements; Aircastle can give no assurance that
its expectations will be attained. Accordingly, you should not
place undue reliance on any such forward-looking statements which
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those anticipated as of
the date of this Release. These risks or uncertainties
include, but are not limited to, those described from time to time
in Aircastle's filings with the SEC and previously disclosed under
"Risk Factors" in Item 1 A of Aircastle's 2014 Annual Report on
Form 10-K, and elsewhere in this Release. In addition, new risks
and uncertainties emerge from time to time, and it is not possible
for Aircastle to predict or assess the impact of every factor that
may cause its actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this Release. Aircastle expressly disclaims
any obligation to revise or update publicly any forward-looking
statement to reflect future events or circumstances.
Contact:
Frank Constantinople, SVP Investor Relations
Tel: +1-203-504-1063
fconstantinople@aircastle.com
The IGB Group
Leon Berman
Tel: +1-212-477-8438
lberman@igbir.com
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SOURCE Aircastle Limited