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Aircastle Announces Proposed Private Placement of $150 Million Aggregate Principal Amount of Senior Notes Due 2018

Friday, December 09, 2011 7:22 AM

STAMFORD, Conn., Dec. 9, 2011 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) ("Aircastle") announced today that it plans to offer an additional $150 million aggregate principal amount of its Senior Notes due 2018 (the "notes") under its Indenture dated July 30, 2010.  The notes will be offered only to qualified institutional buyers and outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933, as amended (the "Securities Act").  Aircastle plans to use the net proceeds of the private placement for general corporate purposes, including the purchase of aviation assets.

The notes have not been registered under the Securities Act or under any state securities laws.  Therefore, Aircastle may not offer or sell the notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. 

Safe Harbor

Certain items in this press release and other information we provide from time to time, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to our proposed private placement of notes and our ability to acquire, sell, lease or finance aircraft, raise capital, pay dividends, and increase revenues, earnings, EBITDA, Adjusted Net Income and Adjusted Net Income plus Depreciation and Amortization and the global aviation industry and aircraft leasing sector. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; Aircastle can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release.


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