AerCap bond issuance upsized to $1bn

AerCap offering of $800 million senior notes announced yesterday is reported to have been upsized to $1bn due to strong demand. The pricing was also tightened to 4.250% on the $500 million five-year tranche and 4.625% on the $500 million seven-year notes. The notes, issued by AerCap Ireland Capital Limited and AerCap Global Aviation Trust, AerCap’s wholly-owned subsidiaries, are fully and unconditionally guaranteed on a senior unsecured basis. The net proceeds from the notes will be used for general corporate purposes, including acquiring, investing, financing or refinancing aircraft assets, and to repay indebtedness. Credit Suisse, Deutsche Bank and Goldman Sachs