Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 62

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 16
Chunk 62
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Notes to Consolidated Financial Statements(Dollars in thousands, except per share amounts)

“Senior Notes due 2031”) at an issue price of 99.64%.  The Senior Notes due 2031 will mature on October 1, 2031, and bear interest at a rate of 5.75% per annum, payable semi-annually on April 1 and October 1 of each year, commencing on April 1, 2025.  Interest accrues on the Senior Notes due 2031 from July 18, 2024.5.250% Senior Notes due 2030On January 31, 2025, the Company and AIDAC issued $500.0 million aggregate principal amount of 5.250% Senior Notes due 2030 (the “Senior Notes due 2030”) at an issue price of 99.171%.  The Senior Notes due 2030 will mature on March 15, 2030, and bear interest at a rate of 5.25% per annum, payable semi-annually on March 15 and September 15 of each year, commencing on September 15, 2025.  Interest accrues on the Senior Notes due 2030 from January 31, 2025.Revolving Credit FacilitiesAs of February 28, 2025, we had $150.0 million in borrowings outstanding under our revolving credit facilities and had $2.0 billion available for borrowing.AIDAC GuaranteesIn connection with AIDAC co-issuing the Senior Notes due 2031 with the Company, AIDAC agreed to fully and unconditionally guarantee (the “AIDAC 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 and (vi) 5.950% Senior Notes due 2029 (collectively, the “Existing Unsecured Debt”).  As a result of the AIDAC Guarantees, the Senior Notes due 2030 and the Senior Notes due 2031 rank pari passu in right of payment with the Existing Unsecured Debt.Maturities of the secured and unsecured debt financings over the next five years