AYR Pricing for Securitization
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported):
June
6, 2007 (June 1, 2007)
Aircastle
Limited
(Exact
name of registrant as specified in its charter)
|
Bermuda
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001-32959
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98-0444035
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(State
or other jurisdiction of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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|
c/o
Aircastle Advisor LLC
300
First Stamford Place, Stamford, Connecticut
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|
06902
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(Address
of principal executive offices)
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|
(Zip
Code)
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Registrant’s
telephone number, including area code (203)
504-1020
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
8 -- Other Events
Item
8.01 Other Events
On
June
1, 2007, Aircastle Limited (“Aircastle”) announced that the ACS 2007-1 Pass
Through Trust (the “Trust”) priced a single tranche of $1,170,000,000 of Class
G-1 Floating Rate Asset Backed Certificates, series 2007-1 (the “Certificates”).
The Certificates will bear interest on a floating rate basis at the rate of
one-month LIBOR plus 0.26%. The closing of the sale of the Certificates is
expected to occur on June 8, 2007.
The
Trust
will purchase Class A-1 Notes (“Notes”) issued by subsidiaries of Aircastle, ACS
2007-1 Limited and ACS Aircraft Finance Ireland 2 Limited (the “Note Issuers”),
which will use the proceeds of the sale of the Notes to acquire a portfolio
expected to consist of 59 aircraft from affiliates of Aircastle. The Notes
also
bear interest at the rate of one-month LIBOR plus 0.26%, excluding guarantee
fees, issuance fees and expenses. Aircastle will hold substantially all equity
interests in the Note Issuers, and will consolidate the results of the Note
Issuers with Aircastle results.
A
copy of
the press release announcing the pricing of the Certificates is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
Section
9 -- Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
99.1 Press
Release dated June 1, 2007
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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AIRCASTLE
LIMITED
(Registrant)
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/s/
David Walton
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David
Walton
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Chief
Operating Officer,
General
Counsel and Secretary
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Dated:
June 6, 2007
EXHIBIT
INDEX
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Exhibit
Number
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Exhibit
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99.1
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Press
Release dated June 1, 2007
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