ayr-20210426
Aircastle LTD0001362988false00013629882021-04-262021-04-26
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 26, 2021
 
Aircastle Limited
(Exact name of registrant as specified in its charter)
 
 
Bermuda 001-32959 98-0444035
(State or other jurisdiction
of incorporation)
 (Commission
File Number)
 (IRS Employer
Identification No.)
c/o Aircastle Advisor LLC, 201 Tresser Boulevard,
Suite 400
 
Stamford
Connecticut06901
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (203) 504-1020
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Amendment to a Material Definitive Agreement

Stamford, CT. April 26, 2021 – Aircastle Limited (“Aircastle”) announced that it amended and closed a $1 billion senior, unsecured revolving credit facility with ten global financial institutions, and the expiration date of the facility has been extended by three years, from June 2022 to April of 2025.

The facility participants consist of ten leading global financial institutions with Citibank N.A., Fifth Third Bank N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal Bank of Canada as Joint Lead Arrangers and Bookrunners, as well as BNP Paribas, Credit Agricole Corporate & Investment Bank, Mizuho Bank, Ltd., MUFG Bank, Ltd. and Wells Fargo Bank, N.A., as lenders.




Exhibit
No.
Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).










SIGNATURE
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.
 
AIRCASTLE LIMITED
            (Registrant)
/s/ Christopher L. Beers
Christopher L. Beers
Chief Legal Officer and Secretary
Date: April 27, 2021


aircastleextends1billion
Exhibit 99.1 FOR IMMEDIATE RELEASE Aircastle Extends $1 Billion Global Revolving Credit Facility to April of 2025 Stamford, CT. April 26, 2021 — Aircastle Limited (“Aircastle”) announced today that it amended and closed a $1 billion senior, unsecured revolving credit facility with ten global financial institutions, and the expiration date of the facility has been extended by three years, from June 2022 to April of 2025. The facility participants consist of ten leading global financial institutions with Citibank N.A., Fifth Third Bank N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal Bank of Canada as Joint Lead Arrangers and Bookrunners, as well as BNP Paribas, Credit Agricole Corporate & Investment Bank, Mizuho Bank, Ltd., MUFG Bank, Ltd. and Wells Fargo Bank, N.A., as lenders. Michael Inglese, Aircastle’s CEO, stated, "We appreciate the continued strong support from our bank group and are pleased to have extended and expanded, from eight to ten banks, Aircastle's main revolving credit facility which will now expire in April of 2025.” Mr. Inglese continued, “Aircastle's professional aircraft leasing platform along with our company’s well-diversified portfolio and ready access to the capital markets, positions us well for the expected aviation market recovery and to grow in a profitable and disciplined manner in the years ahead.” About Aircastle Limited Aircastle Limited acquires, leases, and sells commercial jet aircraft to airlines throughout the world. As of February 28, 2021, Aircastle owned and managed on behalf of its joint ventures 261 aircraft leased to 75 customers located in 43 countries. Contact: Aircastle Advisor LLC Frank Constantinople, SVP Investor Relations Tel: +1-203-504-1063 fconstantinople@aircastle.com