India, June 13 -- Mitsubishi UFJ Financial Group (MUFG), one of the world's largest financial institutions, has closed a $600 million unsecured term loan facility for Aircastle Limited and its subsidiaries, a leading aircraft lessor.
The facility, which includes participation from 18 banks, will fund Aircastle's working capital requirements for general corporate purposes, including aircraft acquisitions, through April 2030. MUFG served as Left Joint Lead Arranger and Administrative Agent for the transaction.
Aircastle CFO Roy Chandran noted that the successful transaction reflects banking markets' recognition of Aircastle's strong market position. He emphasized that the company's growing relationships with banking partners are a strategic...