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BMO Harris Bank Leads Revolving Credit Facility Increase to $1B for Aircastle

September 14, 2022, 07:00 AM
Filed Under: Aircraft Leasing

Aircastle Limited increased the size of its unsecured revolving credit facility to $1 billion from $900 million by way of a $100 million commitment from BMO Harris Bank. The facility expires in April 2025 and provides working capital for general corporate purposes, including aircraft acquisition.

In addition to BMO, the facility’s participants consist of nine leading global financial institutions, with Citibank, Goldman Sachs Bank USA, J.P. Morgan Chase Bank, Royal Bank of Canada, Fifth Third Bank, Credit Agricole Corporate & Investment Bank, MUFG Bank, BNP
Paribas and Mizuho Bank, as lenders.

Michael Inglese, Aircastle's CEO, stated, "We appreciate the commitment of BMO joining the strong, ongoing support of our bank group to bring this revolving credit facility to $1 billion. As we pursue exciting investment opportunities in a profitable and disciplined manner, our strong access to capital markets is a strategic strength along with our investment grade rating and unique ownership structure."

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