STAMFORD, Conn., Nov. 21, 2016 /PRNewswire/ -- Aircastle
Limited ("Aircastle" or the "Company") (NYSE: AYR) announced that
it closed a $135 million unsecured
revolving credit facility with a group of Asian financial
institutions led by DBS Bank Ltd. of Singapore, which served both as the sole
transaction arranger and as a lender. The facility has a
three-year term and will provide working capital for general
corporate purposes, including aircraft acquisitions.
Mike Inglese, Aircastle's CFO,
stated, "This facility, which involves eleven financial
institutions from four countries across Asia, is another example of Aircastle's
success in broadening our funding sources under favorable
terms. It will increase Aircastle's available capacity from
unsecured credit facilities to more than $800 million, providing us with significant
resources to capture attractive investing opportunities as they
arise. We welcome the expansion of our global bank group and look
forward to building long-term relationships with these
institutions."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of September 30, 2016, Aircastle owned and managed
on behalf of its joint ventures 186 aircraft leased to 65 customers
located in 35 countries.
Safe Harbor
All statements in this press 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 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 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 press 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 1A of Aircastle's 2015 Annual Report on Form
10-K. 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 expressly disclaims any obligation to revise or
update publicly any forward-looking statement to reflect future
events or circumstances.
For more information on Aircastle, please visit
www.aircastle.com.
Contact:
|
|
|
|
Aircastle Advisor
LLC
|
The IGB
Group
|
Frank Constantinople,
SVP Investor
Relations
|
Leon
Berman
|
Tel:
+1-203-504-1063
|
Tel:
+1-212-477-8438
|
fconstantinople@aircastle.com
|
lberman@igbir.com
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/aircastle-closes-inaugural-asian-revolving-credit-facility-300365999.html
SOURCE Aircastle Limited