Europe

Aircastle prices and upsizes senior notes

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Aircastle prices and upsizes senior notes

Aircastle’s $400 million of senior notes due 2018 priced at par at 4.625%. Aircastle plans to use the net proceeds of the offering for general corporate purposes, including the purchase of aviation assets. The notes issuance has been raised from $300 million.

Moody's rated Aircastle's senior unsecured notes Ba3 and has changes its outlook on the lessor from negative to stable.

Citigroup, Goldman Sachs, JP Morgan and RBC Capital are acting as joint book-running managers for the offering.