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 the end of 2016. The facility was signed to finance a portfolio of nine aircraft and has a maturity date of December 2022. The facility was coordinated by CTBC Bank, Development Bank of Japan, and DBS Bank, all of whom together with Bank of Tokyo-Mitsubishi UFJ, National Australia Bank, China Construction Bank, Bank of East Asia and The Tokyo Star Bank, acted as Mandated Lead Arrangers.