Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 60

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 16
Chunk 60
---
3 million at February 28, 2025.February 28/29,20252024Beginning balance$42,710 $40,505 Earnings of unconsolidated equity method investment, net of tax3,103 2,205 Ending balance$45,813 $42,710 On October 29, 2024, we entered into a loan agreement to provide our equity method investee with a $4.5 million unsecured loan facility, which bears interest at a rate of Term SOFR (as defined in the credit agreement) plus 2% and is payable on October 29, 2025. This transaction was approved by our management as an arm’s length transaction under our related party policy.  On January 6, 2025, $3.5 million of the outstanding principle amount was repaid by our equity method investee.

F - 19

Aircastle Limited and SubsidiariesNotes to Consolidated Financial Statements(Dollars in thousands, except per share amounts)

Note 8.  Borrowings from Secured and Unsecured Debt Financings

The outstanding amounts of our secured and unsecured term debt financings were as follows: At February 28, 2025At  February 29, 2024Debt ObligationOutstandingBorrowingsNumber of AircraftInterest RateFinal StatedMaturityOutstandingBorrowingsSecured Debt Financings:Term Financings(1)$509,104 212.36% to 6.67%11/21/29 to 06/27/32$883,451 Less: Debt issuance costs(6,495)(8,054)Total secured debt financings, net of debt issuance costs and discounts502,609 875,397 Unsecured Debt Financings:Senior Notes due 2024(2)— 4.125%05/01/24500,000 Senior Notes due 2025650,000 5.25%08/11/25650,000 Senior Notes due 2026650,000 4.25%06/15/26650,000 2.850% Senior Notes due 2028750,000 2.85%01/26/28750,000 6.500% Senior Notes due 2028650,000 6.50%07/18/28650,000 Senior Notes due 2029650