Conyers Dill & Pearman advised Aircastle Limited (NYSE: AYR) in connection with its US$675 million unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A. and Royal Bank of Canada, as joint lead arrangers; Citibank, N.A., as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank, N.A., Royal Bank of Canada, Credit Agricole Corporate & Investment Bank, DBS Bank Ltd., MUFG Union Bank, N.A., BNP Paribas and Deutsche Bank AG New York Branch, as lenders. The facility’s maturity was extended by one year to May 2020. The facility, which will be used for working capital for general corporate purposes, including the acquisition of aircraft, was increased to US$675 million from US$600 million.
Jason Piney and Chiara Nannini of Conyers’ Bermuda office advised on the matter working alongside Milbank, Tweed, Hadley & McCloy LLP. Cahill Gordon & Reindel LLP represented the lenders.