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Conyers Dill & Pearman advised Aircastle Limited (NYSE: AYR) in connection with a US$135 million unsecured revolving credit facility with a group of Asian financial institutions led by DBS Bank Ltd. of Singapore, which served both as the sole transaction arranger and as a lender. The facility has a three-year term and will provide working capital for general corporate purposes, including aircraft acquisitions. Aircastle announced its inaugural Asian revolving credit facility on 21 November 2016.
Jason Piney of Conyers’ Bermuda office advised on the matter working alongside Milbank, Tweed, Hadley & McCloy LLP and Clifford Chance (Singapore) represented the lenders.