Conyers provided Bermuda law advice and assistance to Aircastle Limited and its subsidiary Aircastle Holding Corporation Limited in connection with a US$450 million secured aircraft financing facility with BNP Paribas, Credit Agricole Corporate & Investment Bank and MUFG Bank, Ltd. The facility is set to expire in November 2029, and provides Aircastle with working capital for general corporate purposes including aircraft acquisition. The new facility was also the first time in more than six years that Aircastle tapped the secured market. As of 31 August 2022, Aircastle owned and managed on behalf of its joint ventures 252 aircraft leased to 74 customers located in 45 countries.
Director Jason Piney and Associates Andrew Barnes and Elizabeth Blankendal of Conyers’ Bermuda office advised on the matter.