Aircastle gets $206.6 million five-year term loan

By Sara Rosenberg

New York, Sept. 23 - Aircastle Ltd. closed on a new $206.6 million five-year term loan on a portfolio of nine aircraft, according to a news release.

DVB Bank acted as the bookrunner on the deal.

Proceeds will be used to repay related outstanding amounts for the aircraft under Aircastle's existing credit facilities.

Aircastle is a Stamford, Conn., acquirer and leaser of high-utility commercial jet aircraft to airlines.

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