STAMFORD, Conn., March 12, 2014 /PRNewswire/ -- Aircastle Limited
(NYSE: AYR) ("Aircastle") announced today the pricing of
$500 million aggregate principal
amount of 5.125% senior notes due 2021 (the "notes"). The
notes were priced at par. Aircastle plans to use the net
proceeds of the offering to fund the repayment or redemption of its
9.75% senior notes due 2018 and for general corporate purposes.
Goldman, Sachs & Co., BNP Paribas Securities Corp.,
Citigroup Global Markets Inc., Credit Agricole Securities
(USA) Inc., Deutsche Bank
Securities Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ
Securities (USA), Inc., and RBC
Capital Markets, LLC are acting as joint book-running managers for
the offering.
Aircastle has filed a registration statement (including a
prospectus) and a preliminary prospectus supplement with the
Securities and Exchange Commission (the "SEC") for the offering of
the notes. Before you invest, you should read the prospectus and
preliminary prospectus supplement included in that registration
statement and other documents Aircastle has filed with the SEC for
more complete information about Aircastle and the notes. You may
obtain these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, the preliminary prospectus
supplement and prospectus may be obtained by contacting Goldman,
Sachs & Co., Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone:
1-866-471-2526, or e-mail: prospectus-ny@ny.email.gs.com.
This press release does not constitute a notice of redemption
under the optional redemption provisions of the indenture governing
the notes referred to above, nor does it constitute an offer to
sell or the solicitation of an offer to buy any of the notes nor
does it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is
unlawful. The notes may be offered only by means of a
preliminary prospectus supplement and accompanying base
prospectus.
Safe Harbor
Certain items in this press release and other information we
provide from time to time, may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 including, but not necessarily limited to,
statements relating to our proposed public offering of notes and
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 management's current expectations and beliefs 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 forward-looking statements contained in this press release.
Factors that could have a material adverse effect on our operations
and future prospects or that could cause actual results to differ
materially from Aircastle's expectations include, but are not
limited to, capital markets disruption or volatility which could
adversely affect our continued ability to obtain additional capital
to finance new investments or our working capital needs; government
fiscal or tax policies, general economic and business conditions or
other factors affecting demand for aircraft or aircraft values and
lease rates; our continued ability to obtain favorable tax
treatment in Bermuda, Ireland and other jurisdictions; our ability
to pay dividends; high or volatile fuel prices, lack of access to
capital, reduced load factors and/or reduced yields, operational
disruptions caused by political unrest and other factors affecting
the creditworthiness of our airline customers and their ability to
continue to perform their obligations under our leases and other
risks detailed from time to time in Aircastle's filings with the
SEC, including as previously disclosed in Aircastle's 2013 Annual
Report on Form 10-K, and in our other filings with the SEC, press
releases and other communications. 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 press release. Aircastle Limited
expressly disclaims any obligation to release publicly any updates
or revisions to any forward-looking statements contained herein to
reflect any change in its expectations with regard thereto or
change in events, conditions or circumstances on which any
statement is based.
About Aircastle Limited
Aircastle Limited acquires,
leases and sells commercial jet aircraft to airlines throughout the
world. As of December 31, 2013,
Aircastle's aircraft portfolio consisted of 162 aircraft on lease
with 64 customers located in 37 countries.
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
SOURCE Aircastle Limited