Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 138

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 7
Chunk 138
---
 disposition of aircraft and other flight equipment during the year ended February 28, 2025.  Additionally, we received cash proceeds of $49.5 million in settlement of the Company’s claims against certain of the insurers under its C&P Policies — see Note 3 to the Notes to Consolidated Financial Statements.

Financing Activities:

Cash flow provided by financing activities was $655.3 million and $407.0 million for the years ended February 28, 2025 and February 29, 2024, respectively.  The net increase of $248.3 million was primarily attributable to a $100.0 million increase in proceeds from the issuance of our common shares, in addition to a $137.7 million decrease in proceeds from secured and unsecured financings, net of repayments.

Debt Obligations

For complete information on our debt obligations, please see Note 8 in the Notes to Consolidated Financial Statements below.

Contractual Obligations

Our contractual obligations consist of principal and interest payments on debt financings, aircraft acquisitions and rent payments pursuant to our office leases.  Total contractual obligations increased to $6.7 billion at February 28, 2025 from $6.1 billion at February 29, 2024, due to higher outstanding debt and interest payment obligations and higher aircraft purchase commitments.

41

The following table presents our actual contractual obligations and their payment due dates as of February 28, 2025.

 Payments Due by Period as of February 28, 2025Contractual ObligationsTotal1 year or less2-3 years4-5 yearsMore than5 years (Dollars in thousands)Principal payments:Senior Notes due 2025-2031$4,350,000 $650,000 $1,400,000 $1,300,000 $1,000,000 Revolving Credit Facilities150,000 — 150,000 — — Bank Financings509,104 31,948 69,618 307,558 99,980 Total principal payments5,009,104 681,948 1,619,618 1,607,558 1,099,980 Interest payments on debt obligations(1)932,936 241,001 406,350 208,767 76,818 Office leases(2)25,117 2,742 5,392 3,027 13