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) May 13, 2015 (May 13, 2015)
Aircastle Limited
(Exact name of registrant as specified in its charter)
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Bermuda |
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001-32959 |
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98-0444035 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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c/o Aircastle Advisor LLC, 300 First Stamford Place,
Stamford, Connecticut |
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06902 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants 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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 1 Registrants Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On May 13, 2015, Aircastle Limited entered into an amendment to extend 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.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibit 99.1 Press Release dated May 13, 2015 which is being furnished hereto pursuant to Item 1.01.
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.
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AIRCASTLE LIMITED
(Registrant) |
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/s/ Christopher
Beers |
Christopher Beers |
General Counsel |
Date: May 13, 2015
EXHIBIT INDEX
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Exhibit Number |
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Description |
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99.1 |
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Press Release dated May 13, 2015 |
Exhibit 99.1
FOR IMMEDIATE RELEASE
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
Aircastle Announces
Extension of $600 Million Revolving Credit Facility to May 2019
Stamford, CT. May 13, 2015 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, Aircastles CFO, stated, We appreciate the strong continued support of our bank group and are pleased to extend Aircastles
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, Aircastles 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 Aircastles filings with the SEC and previously disclosed under Risk Factors in Item 1 A of Aircastles 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.
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