Aircastle’s senior note issuance announced yesterday has been upsized by $100 million to complete at $500 million in total. The senior notes, due 2021, were rated BB+ and Ba3 and priced at par to yield 5.125% with a spread of T+293.
Joint bookrunners are Goldman Sachs, BNP Paribas, Citigroup Global Markets, Credit Agricole Securities, Deutsche Bank, JP Morgan, Mitsubishi UFJ, and RBC Capital Markets. Cowen & Company is co-manager.
Aircastle plans to use the net proceeds of the offering to fund the repayment or redemption of its 9.75% senior notes due 2018.