Aircastle prices $500 million senior notes due 2031

Aircastle’s wholly-owned subsidiary Aircastle Designated Activity Company (DAC) has priced an offering of $500 million senior unsecured notes due October 2031, issued on July 15, 2024. The notes have a coupon of 5.750% and an issue price of 99.650%. The notes are priced against US Treasury rate plus a spread of 165 basis points. It had an initial price talk of US Treasuries plus a spread of approximately 195 basis points. Moody’s rated the offering at Baa3, BBB- by S&P Global Ratings, and BBB+ by Fitch Ratings. The net proceeds will be used for general corporate purposes, which may include