Aircastle brings $800 million two-part senior notes offering

By Paul A. Harris

Portland, Ore., March 26 - Aircastle Ltd. plans to price an $800 million two-part offering of senior notes mid-to-late in the April 2 week, according to an informed source.

The deal will be comprised of notes maturing in 2017 and in 2020, with tranche sizes remaining to be determined.

Goldman Sachs & Co., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint bookrunners for the Rule 144A and Regulation S offering.

Credit Agricole CIB, Deutsche Bank Securities, Jefferies & Co., RBC Capital Markets and Wells Fargo Securities LLC are the co-managers.

Proceeds will be used to repay bank debt, with any remaining proceeds to be used for general corporate purposes, including the purchase of aviation assets.

Aircastle is a Stamford, Conn.-based firm that leases and sells commercial jet aircraft to passenger and cargo airlines.

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