Aircastle Limited has arranged a new $375 million unsecured term loan, adding fresh funding capacity to support its aircraft leasing business. The transaction, announced by the company, was completed with a syndicate of lenders including Fifth Third Bank, Industrial and Commercial Bank of China Limited, New York Branch, The Huntington National Bank and PNC Capital Markets LLC, which acted as joint lead arrangers and lenders.
The facility carries a five-year term and includes an expansion feature that can be exercised within six months of closing, allowing Aircastle to increase the size of the loan subject to lender approval and market conditions. The company described the term loan as unsecured, meaning it is not backed by specific aircraft or other collateral.
Aircastle, headquartered in Stamford, Connecticut, acquires and leases commercial aircraft to airlines worldwide. The new facility adds to the lessor’s existing funding channels as it continues to manage and grow its fleet. According to prior regulatory filings, Aircastle’s principal executive offices are located at 201 Tresser Boulevard, Suite 400, in Stamford, with additional offices in Dublin and Singapore serving its global customer base.