AerCap closes $700 million new credit facility

admin
By admin July 25, 2016 10:20

AerCap closes $700 million new credit facility

AerCap has completed the closing of a new $700 million secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017.

The facility was signed to finance a portfolio of 13 aircraft and matures in 2022. AIB Corporate Banking, Bank of Ireland Corporate Banking, Commonwealth Bank of Australia, Crédit Industriel et Commercial, DekaBank Deutsche Girozentrale, Development Bank of Japan Inc., HSBC, KFW IPEX-Bank GmbH, MUFG, National Australia Bank and Sumitomo Mitsui Trust Bank acted as Mandated Lead Arrangers on the transaction.

Paul Rofe, Group Treasurer of AerCap, said, “We are very pleased with the successful closing of this transaction, which will contribute to the funding of deliveries through 2017. The transaction also allows us to welcome new lenders to the AerCap group together with our existing banking partners.”

The total amount of financing transactions completed by AerCap in 2016 to date is $2.8 billion.

admin
By admin July 25, 2016 10:20