Aircastle Closes $100 Million Revolving Credit Facility with Mizuho Marubeni Leasing Corporation
Dec. 07. 2021
Marubeni Corporation (hereinafter, “Marubeni”) hereby announces that our affiliate aircraft leasing company, Aircastle Limited (hereinafter, “Aircastle”) closed a $100 million senior unsecured revolving credit facility with Mizuho Marubeni Leasing Corporation.
This facility, supported by both of Aircastle’s shareholders, Marubeni and Mizuho Leasing Company, Limited, supplements Aircastle's liquidity position, and was carried out in anticipation of the expansion of air passenger demand, which is expected to improve in the medium- and long-term. Aircastle will use this facility for general corporate purposes.
Since its additional investment in Aircastle in March 2020, Marubeni has provided continuous support for Aircastle’s business growth, including deployment of Marubeni employees to the Board of Directors and other managerial positions at Aircastle. Marubeni, together with Mizuho Leasing Company, Limited, will seek to expand and evolve its business portfolio in this area and will try to provide solutions for continuous long-term demand for air transportation, which is essential for global economic growth in the future.
〈Outline of Aircastle〉
|Company Name||: Aircastle Limited|
|Location||: Connecticut, US (Incorporation: Bermuda)|
|CEO||: Michael J. Inglese|
|Shareholders||: Marubeni Corporation 75%, Mizuho Leasing Company, Limited 25%|
|Business||: Commercial Jet Aircraft Leasing|
〈Outline of Mizuho Marubeni Leasing〉
|Company Name||: Mizuho Marubeni Leasing Corporation|
|Headquarters||: Tokyo, Japan|
|CEO||: Mitsuru Akiyoshi|
|Shareholders||: Marubeni Corporation 50%, Mizuho Leasing Company, Limited 50%|
|Business||: General leasing and related businesses|