SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
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Date of Report (Date of earliest event reported): February 25, 2021 (
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|Item 1.02|| |
Termination of a Material Definitive Agreement
On January 26, 2021, Aircastle Limited (the “Company”) directed Wells Fargo Bank, National Association, as trustee (the “Trustee”) under the second supplemental indenture, dated as of March 26, 2014 (the “Supplemental Indenture”), between the Company and the Trustee, to the indenture dated as of December 5, 2013, between the Company and the Trustee (the “Base Indenture” and together with the Supplemental Indenture, the “Indenture”), to issue a notice of full redemption to redeem all of the $500,000,000 outstanding aggregate principal amount of the Company’s 5.125% Senior Notes due 2021 (the “Notes”).
The Notes were redeemed on February 25, 2021 (the “Redemption Date”), at a price equal to $12,653,766.39, consisting of a redemption premium of 100.2529755% of the aggregate principal amount of the Notes, and accrued and unpaid interest from September 15, 2020 to, but not including, the Redemption Date of $11,388,888.89. Accordingly, the total redemption payment was $512,653,766.39. Pursuant to the provisions of the Indenture, the Company deposited the redemption payment for the Notes with the Trustee prior to 10:00 a.m., New York City time, on February 25, 2021.
Upon deposit of the redemption payment, the Supplemental Indenture was satisfied and discharged in accordance with its terms. As a result of the satisfaction and discharge of the Supplemental Indenture, the Company has been released from its obligations with respect to the Supplemental Indenture and the Notes, except with respect to those provisions of the Supplemental Indenture that, by their terms, survive the satisfaction and discharge of the Supplemental Indenture.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Name:||Christopher L. Beers|
|Title:||Chief Legal Officer and Secretary|
Date: February 25, 2021