Aercap | Bond issuance | 10-21 | $21bn | Transaction | Airfinance Journal

Aercap | Bond issuance | 10-21 | $21bn

AerCap Holdings has announced today that AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust (together, the “Issuers”), each a wholly-owned subsidiary of the Company, priced their offering of senior notes, consisting of $1.75 billion aggregate principal amount of their 1.15% Senior Notes due 2023 (the “2023 Notes”), $3.25 billion aggregate principal amount of their 1.65% Senior Notes due 2024 (the “2024 Notes”), $1.00 billion aggregate principal amount of their 1.75% Senior Notes due 2024 (the “2024 NC1 Notes”), $3.75 billion aggregate principal amount of their 2.45% Senior Notes due 2026 (the “2026 Notes”), $3.75 billion aggregate principal amount of their 3.00% Senior Notes due 2028 (the “2028 Notes”), $4.00 billion aggregate principal amount of their 3.30% Senior Notes due 2032 (the “2032 Notes”), $1.50 billion aggregate principal amount of their 3.40% Senior Notes due 2033 (the “2033 Notes”), $1.50 billion aggregate principal amount of their 3.85% Senior Notes due 2041 (the “2041 Notes”) and $0.50 billion aggregate principal amount of their Floating Rate Senior Notes due 2023 (the “Floating Rate Notes” and, together with the 2023 Notes, the 2024 Notes, the 2024 NC1 Notes, the 2026 Notes, the 2028 Notes, the 2032 Notes, the 2033 Notes and the 2041 Notes, the “Notes”).

The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain other subsidiaries of the Company.

The Issuers intend to use the net proceeds from the Notes to fund a portion of the cash consideration to be paid in the acquisition of the GE Capital Aviation Services business (“GECAS”) by AerCap from General Electric Company (NYSE: GE), and to pay related fees and expenses, with any excess proceeds to be used for general corporate purposes.


Deal Categories

Regions:
Europe
Netherlands
Tagged as:
Unsecured
Debt Capital Markets

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8