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Conyers Dill & Pearman advised Aircastle Limited (NYSE: AYR) in connection with its US$120 million senior unsecured term loan with a group of seven Japanese financial institutions led by Development Bank of Japan, which served both as the transaction arranger and lender. The loan has a three year term, and it will provide working capital for general corporate purposes, including aircraft acquisitions.
Jason Piney and Chiara Nannini of Conyers’ Bermuda office advised on the matter. Milbank, Tweed, Hadley & McCloy LLP and Cahill Gordon & Reindel LLP represented the lenders.