Aircastle Closes on a Revolving Credit Facility with Mizuho Bank
Mar. 16, 2023
Marubeni Corporation (hereinafter, “Marubeni”) hereby announces that its affiliate aircraft leasing company, Aircastle Limited (hereinafter, “Aircastle”), has concluded an agreement on a new $300 million unsecured revolving credit facility with Mizuho Bank Ltd.
Following the announcement of the extension and upsizing of Aircastle’s revolving credit facility with Mizuho Marubeni Leasing Corporation, this facility will be created as part of a business growth initiative by Aircastle’s shareholders. The facility is expected to bolster Aircastle’s investment grade rating and provide expanded access to credit markets.
The environment for aircraft leasing continues to strengthen and will be further supported by the easing of travel restrictions worldwide. Marubeni, together with the Mizuho Group, will seek to enhance the operating base of Aircastle, a core business in its finance and leasing operations.
Overview of Aircastle
Company Name: Aircastle Limited
Headquarters: Connecticut, US
CEO: Michael J. Inglese
Shareholders: Marubeni Corporation: 75%; Mizuho Leasing Company, Limited: 25%
Business: Aircraft Operating Leasing