Key Developments: Aircastle Ltd (AYR)

AYR on New York Consolidated

15.73USD
1 Oct 2014
Price Change (% chg)

$-0.63 (-3.85%)
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$16.36
Open
$16.37
Day's High
$16.39
Day's Low
$15.50
Volume
954,416
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361,607
52-wk High
$21.35
52-wk Low
$15.50

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Latest Key Developments (Source: Significant Developments)

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

Aircastle Ltd Declares Common Dividend
Thursday, 2 May 2013 07:30am EDT 

Aircastle Ltd announced that the Board of Directors declared a second quarter 2013 cash dividend on its common shares of $0.165 per share, payable on June 14, 2013 to shareholders of record on May 31, 2013.  Full Article

Aircastle Ltd Declares First Quarter 2013 Cash Dividend
Thursday, 21 Feb 2013 07:30am EST 

Aircastle Ltd announced that the Board of Directors declared a first quarter 2013 cash dividend on its common shares of $0.165 per share, payable on March 15, 2013 to shareholders of record on March 4, 2013.  Full Article

Aircastle Ltd Closes $150 Million Unsecured Revolving Credit Facility
Wednesday, 19 Dec 2012 04:14pm EST 

Aircastle Ltd announced that it closed a $150 million unsecured revolving credit facility ("the Facility") among the Company, Citibank, N.A. as administrative agent and lender, Goldman Sachs Bank USA , as lender, JPMorgan Chase Bank, N.A., as lender and an affiliate of RBC Capital Markets, as lender. The Facility matures in December of 2015.  Full Article

Aircastle Ltd Announces Pricing of Private Placement of $500 Million Aggregate Principal Amount of Senior Notes
Tuesday, 27 Nov 2012 04:47pm EST 

Aircastle Ltd announced that the pricing of $500 million aggregate principal amount of 6.25% senior notes due 2019 (the notes). The notes were priced at par. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States in accordance with Regulation S under the Securities Act. Aircastle plans to use the net proceeds of the private placement for general corporate purposes, including the purchase of aviation assets. The notes have not been registered under the Securities Act or under any state securities laws. Therefore, Aircastle may not offer or sell the notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.  Full Article

Aircastle Ltd Declares Fourth Quarter 2012 Cash Dividend
Tuesday, 6 Nov 2012 07:31am EST 

Aircastle Ltd announced that the board of directors have declared a fourth quarter 2012 cash dividend on its common shares of $0.165 per share, payable on December 14, 2012 to shareholders of record on November 30, 2012. This is a 10% increase over the previous quarter's cash dividend.  Full Article

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