Aircastle announces new US$400m term financing

Aircastle Limited has entered into a new US$400.5m term facility secured by 17 aircraft. The facility has a maturity of seven years and includes an accordion feature allowing for US$67.5m in additional future funding. Funding of the facility will take place through several draw-downs, with the first one, for US$167.3m, having taken place on June 28th. The financing was led by BNP Paribas, Credit Agricole Corporate and Investment Bank and The Bank of Tokyo-Mitsubishi UFJ (London Branch) as Joint Lead Arrangers as well as SGBT Asset Based Funding S.A. as Arranger and ING Bank and Columbia State Bank as lenders. BNP Paribas also acts as Agent and Security Trustee.