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Article: Aircastle Limited Announces $206.6 Million 5-Year Term Debt Facility.
- Article from:
- Science Letter
- Article date:
- October 7, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aircastle Limited (NYSE:AYR) ("Aircastle") announced that a wholly-owned subsidiary of Aircastle Limited entered into and funded a five year, $206.6 million senior secured term loan on a portfolio of nine aircraft. The facility was arranged by DVB Bank AG ("DVB") acting as Sole Bookrunner and will be fully underwritten by DVB. Proceeds from the financing will be used to repay related outstanding amounts for the aircraft under Aircastle's existing credit facilities (see also Aircastle Limited).
CEO Ron ...
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