Key Developments: Aircastle Ltd (AYR)

AYR on New York Consolidated

18.65USD
17 Apr 2014
Price Change (% chg)

$0.18 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

Aircastle Ltd announces increase in bank revolving credit facility to $450 mln
Tuesday, 1 Apr 2014 08:30am EDT 

Aircastle Ltd:Closes $450 mln 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, and Citibank, N.A. as agent.The bank group was expanded to nine institutions and the facility's term was extended to four years and will expire in March 2018.The facility, which will be used for working capital, including the acquisition of aircraft, was increased to $450 mln from $335 mln and is currently undrawn.  Full Article

Aircastle Ltd prices of $500 mln aggregate principal amount of senior notes
Wednesday, 12 Mar 2014 04:25pm EDT 

Aircastle Ltd:Prices of $500 mln aggregate principal amount of 5.125 pct senior notes due 2021.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 pct 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, JP Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc, and RBC Capital Markets LLC are acting as joint book-running managers for offering.  Full Article

Aircastle Ltd declares cash dividend for Q1 FY 2014
Tuesday, 25 Feb 2014 07:30am EST 

Aircastle Ltd:Declares a first quarter 2014 cash dividend on its common shares of $0.20 per share.Dividend payable on March 14 to shareholders of record on March 7.  Full Article

Aircastle Ltd announces $900 mln agreement for purchase and leaseback of Boeing 777-300ERs with LATAM Airlines Group
Tuesday, 25 Feb 2014 06:31am EST 

Aircastle Ltd:Agreement with LATAM Airlines Group S.A. to enter into purchase and leaseback transactions involving eight Boeing 777-300ER aircraft.  Full Article

Aircastle Ltd announces joint venture with ontario teachers' pension plan and closing of joint venture's first investment
Thursday, 19 Dec 2013 04:15pm EST 

Aircastle Ltd:Says it has formed a joint venture to invest in leased aircraft with an affiliate of Ontario Teachers' Pension Plan.Says Joint Venture's first investment is two Airbus A330 family aircraft manufactured in 2013 and leased to Indonesian flag carrier, PT Garuda Indonesia (Persero) Tbk.Says Joint Venture hopes to acquire between $500 million to $1 billion of aircraft investments.Says it will source and service these investments, complementing the growth in its own portfolio.  Full Article

Aircastle Ltd announces pricing of $400 mln aggregate principal amount of senior notes
Monday, 2 Dec 2013 04:01pm EST 

Aircastle Ltd:Says the pricing of $400 million aggregate principal amount of 4.625% senior notes due 2018.Says the notes were priced at par. Aircastle plans to use the net proceeds of the offering for general corporate purposes, including the purchase of aviation assets.Says Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.  Full Article

Aircastle Ltd announces $300 mln aggregate principal amount of senior notes
Monday, 2 Dec 2013 07:15am EST 

Aircastle Ltd:Says to offer an aggregate of $300 million principal amount of its senior notes due 2018.Says the proceeds will be used for general corporate purposes, including the purchase of aviation assets.Says Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.  Full Article

Aircastle Ltd Announces Common Dividend And Share Repurchases
Tuesday, 6 Aug 2013 07:30am EDT 

Aircastle Ltd announced that Board of Directors declared a third quarter 2013 cash dividend on its common shares of $0.165 per share, payable on September 13, 2013 to shareholders of record on August 30, 2013. Since early 2011,the Company has repurchased 11.7 million common shares at an average cost of $11.87 per share, and continue to have $30 million remaining under the current repurchase authorization.  Full Article

Aircastle Ltd Completes Sale Of Shares To Marubeni Corporation
Friday, 12 Jul 2013 08:57am EDT 

Aircastle Ltd announced that it has successfully completed the issuance to Marubeni Corporation (Marubeni) of 12,320,000 common shares of Aircastle, representing 15.25% of Aircastle's issued and outstanding common shares, after giving effect to the issuance, at a price of $17.00 per share, for gross proceeds of approximately $209 million. Pursuant to a shareholder agreement between the parties that became effective upon the completion of the issuance, Marubeni will have the right to designate two directors for appointment to Aircastle's board of directors, with the initial appointment to be made prior to August 14, 2013. The shareholder agreement also contains certain provisions relating to Marubeni's and its affiliates' ability to transfer and acquire Aircastle's securities.  Full Article

Aircastle Ltd Announces Sale Of Common Shares To Marubeni Corp
Thursday, 6 Jun 2013 04:38pm EDT 

Aircastle Ltd announced that it has entered into a definitive agreement with Marubeni Corp (Marubeni) providing for the issuance of approximately 15.25% of the Company's common shares, after giving effect to the issuance, at a price of $17.00 per share, for gross proceeds of approximately $209 million. The closing of the issuance is expected to occur during the second or third quarter of 2013, subject to customary closing conditions. In connection with the transaction, Aircastle and Marubeni also entered into a shareholder agreement that will become effective upon the completion of the issuance. At such time, Marubeni will have the right to designate two directors for appointment to Aircastle's board of directors. The shareholder agreement also contains certain provisions relating to Marubeni's and its affiliates' ability to transfer and acquire Aircastle's securities.  Full Article

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