Aircastle Fleet Evolution and Financial Update Q3 2023
Capital Structure Summary
($ in millions)
As of November 30,
2023
As of August 31,
2023
Unrestricted cash and cash equivalents
$ 106
$ 726
As of May 31,
2023
4
AIRCASTLE
A MARUBENI & MIZUHO LEASING COMPANY
$136
Debt¹
Bank Financings
Total Secured Debt
O/S
Rate
O/S
Rate
O/S
Rate
903
5.46%
923
5.46%
942
5.35%
903
5.46%
923
5.46%
942
5.35%
Senior Notes 4.40% due 2023
650
4.40%
650
4.40%
Senior Notes 4.125% due 2024
500
4.13%
500
4.13%
500
4.13%
Senior Notes 5.25% due 2025
650
5.25%
650
5.25%
650
5.25%
Senior Notes 4.25% due 2026
650
4.25%
650
4.25%
650
4.25%
Senior Notes 2.85% due 2028
750
2.85%
750
2.85%
750
2.85%
Senior Notes 6.50% due 2028
650
6.50%
650
6.50%
Other Unsecured Bank Financings
155
7.06%
155
6.90%
155
6.68%
Drawn Bank Revolvers
130
6.90%
20
7.21%
395
6.73%
Total Unsecured Debt
3,485
4.76%
4,025
4.51%
3,750
4.51%
Total Debt and Weighted Avg. Rate
Shareholders' equity²
Total capitalization
Net debt to equity³
Unsecured debt to total debt
4,388
4.91%
2,115
$ 6,503
2.3x
79%
4,948
4.79%
4,692
4.69%
2,089
1,894
$ 7,037
$ 6,586
2.3x
81%
2.8x
80%
1. The debt totals in the above table do not include debt issuance costs or discounts which are reflected in the net debt totals that are displayed on the consolidated balance sheet.
2. Includes full value of preference shares.
3. Calculates 50% of $400 million (or $200 million) of hybrid capital preference shares.
12View entire presentation