AerCap prices senior notes and amends revolver

Eleanor Steed
By Eleanor Steed January 24, 2017 16:30

AerCap prices senior notes and amends revolver

AerCap Holdings has amended and extended two term loan facilities for the total amount of $2.25 billion.

AerCap’s $0.75 billion term loan facility, originally put in place by ILFC in February 2012, was amended and extended in December 2016. The maturity of the term loan was extended from April 2020 to October 2022. RBC Capital Markets and Bank of America Merrill Lynch acted as lead arrangers on this extension.

AerCap’s $1.5 billion term loan facility, originally put in place by ILFC in March 2014, was amended and extended in January 2017. The maturity of the term loan was extended from March 2021 to October 2023. Deutsche Bank Securities and Credit Suisse acted as lead arrangers on this extension

AerCap’s wholly-owned subsidiaries, AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, have priced their offering of senior notes, consisting of $600 million aggregate principal amount of 3.50% senior notes due 2022. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by AerCap. The Issuers intend to use the net proceeds from the Notes for general corporate purposes.

Citigroup Global Markets, Goldman Sachs, JPMorgan Securities and Merrill Lynch are serving as joint book running managers for the underwritten public offering.

Eleanor Steed
By Eleanor Steed January 24, 2017 16:30