Company: AYR
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001193125-25-160506
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Company: Aircastle LTD
Filing Date: 2025-07-17
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement  

On July 17, 2025, Aircastle Limited (“ Aircastle”) and Aircastle (Ireland) Designated Activity Company, a wholly-owned subsidiary of Aircastle (together with Aircastle, the “ Issuers”), issued $650 million aggregate principal amount of the Issuers’ 5.000% Senior Notes due 2030 (the “ Notes”). The Notes are the Issuers’ unsecured senior obligations and are fully and unconditionally guaranteed on a senior unsecured basis (the “ Guarantee” and, together with the Notes, the “ Securities”) by Aircastle’s wholly-owned subsidiary, Aircastle Advisor LLC (the “ Guarantor”). The Notes were issued pursuant to an Indenture, dated as of July 17, 2025 (the “ Indenture”), among the Issuers, the Guarantor and Computershare Trust Company, N. A., as trustee for the Notes.

The Notes will mature on September 15, 2030. Interest on the Notes will be payable semi-annually in arrears on March 15 and September 15, beginning on March 15, 2026, at a rate of 5.000% per annum. The Issuers intend to use the net proceeds from the sale of the Notes for general corporate purposes, which may include the acquisition of aircraft, as well as refinancing a portion of the Issuers’ existing indebtedness.

Prior to August 15, 2030 (one month prior to maturity), the Issuers may redeem the Notes, in whole or in part, at any time and from time to time, by paying a specified “make-whole” premium, plus accrued and unpaid interest, if any, to, but not including, the redemption date. On and after August 15, 2030 (one month prior to maturity), the Issuers may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price of 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date.

If a Change of Control Triggering Event (as defined in the Indenture) occurs, the Issuers will be required to make an offer to repurchase each holder’s Notes at a price of 101% of the aggregate principal amount thereof, plus accrued and unpaid