Aircastle LTD 8-K

What Happened
Aircastle Limited (AYR) announced that its wholly owned subsidiary Aircastle Advisor LLC entered into a Credit Agreement dated May 20, 2026, providing a five-year unsecured term loan of $375,000,000. The facility was arranged by Fifth Third Bank, Industrial and Commercial Bank of China (New York Branch), The Huntington National Bank and PNC Capital Markets LLC, with Fifth Third Bank serving as agent. The loan bears interest at Term SOFR plus 1.30% and may be increased to $425,000,000 within the first six months of the term. The Company and its subsidiary Aircastle Ireland Designated Activity Company guarantee the borrower’s obligations under the Credit Agreement.

Key Details

• Loan amount: $375,000,000 five-year unsecured term loan (option to increase to $425,000,000 in first 6 months).
• Interest rate: Term SOFR + 1.30%.
• Guarantors: Aircastle Limited (parent) and Aircastle Ireland Designated Activity Company.
• Date and documentation: Credit Agreement dated May 20, 2026 (filed as Exhibit 10.1; portions omitted pursuant to Regulation S-K).

Why It Matters
This transaction provides Aircastle with committed unsecured financing that increases the company’s liquidity and funding flexibility for operations, repayments or strategic uses. The interest is variable and tied to Term SOFR, so borrowing costs will move with short-term rates. Because the loan is unsecured and guaranteed by the parent and an Irish subsidiary, it does not pledge specific assets as collateral but does create guaranteed obligations of the group. The Credit Agreement includes customary covenants and default provisions that investors should review in the filed exhibit for specific terms.