Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 65

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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ALLC’s obligations under the Unsecured Term Loan Credit Agreement.5.000% Senior Notes due 2030On July 17, 2025, the Company and AIDAC issued $650.0 million aggregate principal amount of 5.000% Senior Notes due 2030 (the “5.000% Senior Notes due 2030”) at an issue price of 99.306%.  The Company’s and AIDAC’s obligations under the 5.000% Senior Notes due 2030 are fully and unconditionally guaranteed by AALLC.  The 5.000% Senior Notes due 2030 will mature on September 15, 2030, and bear interest at a rate of 5.000% per annum, payable semi-annually on March 15 and September 15 of each year, commencing on March 15, 2026.  Interest accrues on the 5.000% Senior Notes due 2030 from July 17, 2025.Revolving Credit FacilitiesAs of August 31, 2025, we had $240.0 million outstanding under our revolving credit facilities and had $1.9 billion available for borrowing.As of August 31, 2025, we were in compliance with all applicable covenants in our financings.AALLC GuaranteesIn connection with AALLC entering into the Unsecured Term Loan Credit Agreement, AALLC agreed to fully and unconditionally guarantee (the “AALLC Guarantees”) the Company’s obligations under its: (i) revolving credit facilities; (ii) 5.250% Senior Notes due 2025; (iii) 4.250% Senior Notes due 2026; (iv) 2.850% Senior Notes due 2028; (v) 6.500% Senior Notes due 2028; (vi) 5.950% Senior Notes due 2029; (vii) 5.25% Senior Notes due 2030, (viii) 5.000% Senior Notes due 2030, and (ix) 5.75% Senior Notes due 2031 (collectively, the “Existing Unsecured Debt”).  As a result of the AALLC Guarantees, the Unsecured Term Loan ranks pari passu in right of payment with the Existing Unsecured Debt.

Note 9. Shareholders' Equity

Common Share DividendsOn March 17,