Aircastle’s $400 Million Shares Offering

Cahill represented the initial purchasers in the offering.

Aircastle Limited (“Aircastle”) executed its offering of 400,000 depositary shares, each representing a 1/1,000th interest in a share of its 5.250% Series A Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share and $1,000,000 liquidation preference per share (equivalent to $1,000 per depositary share).

Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the repayment, refinancing or redemption of its existing indebtedness. 

RBC Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and MUFG Securities Americas Inc. acted as representatives of the several initial purchasers for the offering.

Aircastle Limited is an aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines around the world.

Cahill represented the initial purchasers with a team including John A. Tripodoro (Picture), Brian Kelleher, Mark Loftus, and Shaun Altshuller.

Involved fees earner: Shaun Altshuller – Cahill Gordon & Reindel; Brian Kelleher – Cahill Gordon & Reindel; Mark Loftus – Cahill Gordon & Reindel; John Tripodoro – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Citigroup Global Markets Ltd; Goldman Sachs & Co.; MUFG Securities Americas Inc. ; RBC Capital Markets;

Author: Martina Bellini