Send us Feedback

Aircastle (AYR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

AYR » Topics » Debt Obligations

These excerpts taken from the AYR 10-K filed Mar 2, 2009.
Debt Obligations
 
The following table provides a summary of our securitizations and term debt financings at December 31, 2008:
 
                                 
                          Final
        Outstanding
 		    Number of
 		    Interest
 		    Stated
Debt Obligation
  Collateral   Borrowing(1)     Aircraft     Rate(2)     Maturity
        (Dollars in thousands)
 
Securitization No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests   $ 472,048       36       1.47 %   6/20/31
Securitization No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     1,097,913       57       2.14 %   6/14/37
Term Financing No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     757,610       28       3.58 %   5/02/15
Term Financing No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     148,725       8       4.40 %   9/23/13
                                 
Total
      $ 2,476,296                      
                                 
 
 
(1) Outstanding borrowing amount equals committed borrowing amount at December 31, 2008.
 
(2) Reflects floating rate in effect at the most recent applicable reset date.


61

Table of Contents

 
Debt
Obligations


 



The following table provides a summary of our securitizations
and term debt financings at December 31, 2008:


 























































































































































































































                                 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final



 

 

 

 

Outstanding



 

 

Number of



 

 

Interest



 

 

Stated




Debt Obligation


 

Collateral

 

Borrowing(1)


 

 

Aircraft

 

 

Rate(2)


 

 

Maturity

 

 

 

 

(Dollars in thousands)
 


Securitization No. 1


 

Interests in aircraft leases, beneficial interests in aircraft
owning entities and related interests

 

$

472,048

 

 

 

36

 

 

 

1.47

%

 

6/20/31


Securitization No. 2


 

Interests in aircraft leases, beneficial interests in aircraft
owning entities and related interests

 

 

1,097,913

 

 

 

57

 

 

 

2.14

%

 

6/14/37


Term Financing No. 1


 

Interests in aircraft leases, beneficial interests in aircraft
owning entities and related interests

 

 

757,610

 

 

 

28

 

 

 

3.58

%

 

5/02/15


Term Financing No. 2


 

Interests in aircraft leases, beneficial interests in aircraft
owning entities and related interests

 

 

148,725

 

 

 

8

 

 

 

4.40

%

 

9/23/13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total


 

 

 

$

2,476,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 




























(1)
Outstanding borrowing amount equals committed borrowing amount
at December 31, 2008.
 

(2)
Reflects floating rate in effect at the most recent applicable
reset date.





61




Table of Contents





 




This excerpt taken from the AYR 10-Q filed Nov 17, 2008.
Debt Obligations
 
The following table provides a summary of our credit facilities at September 30, 2008:
 
                                 
                        Final
 		 
              Outstanding
 		        Stated
 		 
Debt Obligation
  Collateral   Commitment     Borrowing     Interest Rate(1)   Maturity  
 
(Dollars in thousands)
                               
Securitization No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests   $ 494,735     $ 494,735     2.76%     6/20/31  
Securitization No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     1,114,246       1,114,246     2.75%     6/14/37  
Term Financing No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     769,835       769,835     4.24%     5/11/15  
Term Financing No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     206,580       206,580     6.95%     9/23/13  
Revolving Credit Facility
  Beneficial interests in subsidiaries     60,000 (2)     —     4.49%     12/11/08  
Amended Credit Facility No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     500,000 (3)     113,331     3.74%     12/15/08  
                                 
Total
      $ 3,145,396     $ 2,698,727              
                                 
 
 
(1) Reflects floating rate in effect at the applicable reset date.
 
(2) On October 31, 2008, the revolving commitment under the Revolving Credit Facility was reduced to $40,000.
 
(3) On October 8, 2008, we reduced our total credit commitment under Amended Credit Facility No. 2 to $114,000.
 
This excerpt taken from the AYR 10-Q filed Aug 8, 2008.
Debt Obligations
 
The following table provides a summary of our credit facilities at June 30, 2008:
 
                                 
                        Final
 
              Outstanding
 		        Stated
 		 
Debt Obligation
  Collateral   Commitment     Borrowing     Interest Rate(1)   Maturity  
 
(Dollars in thousands)
                               
Securitization No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests   $ 500,233     $ 500,233     1M LIBOR +
0.27% = 2.74% 		    6/20/31  
Securitization No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     1,132,074       1,132,074     1M LIBOR +
0.26% = 2.71% 		    6/14/37  
Term Financing No. 1
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     782,060       782,060     LIBOR +
1.75% = 4.37%(2) 		    5/11/15  
Revolving Credit Facility
  Beneficial interests in subsidiaries     100,000       —     1M LIBOR +
2.00% = 4.48% 		    12/11/08  
Amended Credit Facility No. 2
  Interests in aircraft leases, beneficial interests in aircraft owning entities and related interests     500,000       255,189     1M LIBOR +
1.25% = 3.73% 		    12/15/08  
                                 
Total
      $ 3,014,367     $ 2,669,556              
                                 
 
 
(1) LIBOR in effect at the applicable reset date.
 
(2) LIBOR rate was based on 2 week LIBOR for the first two interest periods ending on July 10, 2008. All subsequent LIBOR resets will be based on 1M LIBOR.
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 2, 2009
10-Q
Nov 17, 2008
10-Q
Aug 8, 2008

RELATED TOPICS for AYR:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki