By Cady Vishniac
Detroit, Jan. 21 – Aircastle Ltd. sold $750 million of 2.85% senior notes due 2028 (Baa3) on Thursday at 98.543, according to a press release.
Aircastle will use the proceeds from the Rule 144A and Regulation S issue for general corporate purposes, possibly including the repayment, refinancing or redemption of existing debt.
Stamford, Conn.-based Aircastle acquires, leases and sells commercial jet aircraft to airlines.
| Issuer: | Aircastle Ltd.
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | 2028
|
| Coupon: | 2.85%
|
| Price: | 98.543
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Ratings: | Moody’s: Baa3
|
| Distribution: | Rule 144A and Regulation S
|
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