AYR » Topics » Covenants.

This excerpt taken from the AYR 8-K filed Feb 6, 2008.
Covenants.    The 2008-A Credit Agreement contains covenants broadly similar to the ones contained in our $1.0 billion senior secured credit facility, which we refer to as Amended Credit Facility No. 2.  A violation of any of these covenants could result in a default under the 2008-A Credit Agreement, which could result in termination of all commitments and early maturity of loans under the 2008-A Credit Agreement, as well as result in a cross-default to our other credit facilities.

 
The foregoing summary of certain provisions of the 2008-A Credit Agreement is qualified in its entirety by reference to the complete 2008-A Credit Agreement attached as Exhibit 10.1 hereto and incorporated herein by reference. A copy of the press release announcing the execution by Aircastle of the 2008-A Credit Agreement is attached as Exhibit 99.1 hereto and incorporated herein by reference.
 
 
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Section 9 – Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits.

(d)        Exhibits
 
10.1      Credit Agreement (2008-A), dated as of February 5, 2008, by and among Aircastle Investment Holdings 3 Limited and certain Borrowing Affiliates, as Borrowers, JPMorgan Chase Bank, N.A. and Calyon New York Branch, as Lenders, JPMorgan Chase Bank, N.A., as Agent, and J.P. Morgan Securities Inc. and Calyon New York Branch, as Joint Lead Arrangers
 
99.1      Press Release dated February 5, 2008
 
 
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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 
AIRCASTLE LIMITED
(Registrant)
   
   
 
/s/ David Walton
 
 
David Walton
 
Chief Operating Officer, General Counsel and Secretary

Date: February 6, 2008
 
 
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EXHIBIT INDEX

Exhibit Number
Exhibit
   
10.1
Credit Agreement (2008-A), dated as of February 5, 2008, by and among Aircastle Investment Holdings 3 Limited and certain Borrowing Affiliates, as Borrowers, JPMorgan Chase Bank, N.A. and Calyon New York Branch, as Lenders, JPMorgan Chase Bank, N.A., as Agent, and J.P. Morgan Securities Inc. and Calyon New York Branch, as Joint Lead Arrangers
   
99.1
Press Release dated February 5, 2008

 
 
 
 
 
 
 
 
 
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