AerCap Holdings N.V. Announces Pricing of $1.25 Billion Aggregate Principal Amount of Senior Notes

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) announced the pricing of $1.25 billion in senior notes with a 4.50% interest rate due in 2023. The notes will be unconditionally guaranteed by AerCap and certain subsidiaries. Proceeds from the offering will be used for general corporate purposes. Major financial firms, including Barclays and BofA Securities, are serving as joint book-running managers for the offering. AerCap is a leader in aircraft leasing, managing 1,372 aircraft valued at $47.1 billion as of March 31, 2020.

Positive

• AerCap is raising $1.25 billion through the issuance of senior notes.
• The senior notes have an attractive interest rate of 4.50%.
• AerCap holds a strong position in the aircraft leasing market with 1,372 aircraft.

Negative

• None.

DUBLIN, June 23, 2020 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) 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 $1.25 billion aggregate principal amount of 4.50% Senior Notes due 2023 (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 for general corporate purposes.

Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc. and Wells Fargo Securities, LLC are serving as joint book running managers for the underwritten public offering.

The Company has filed a registration statement (including a prospectus) on Form F-3 with the U.S. Securities and Exchange Commission (the "SEC") for the underwritten offering to which this communication relates. The registration statement automatically became effective upon filing on April 6, 2018. Investors should read the accompanying prospectus dated April 6, 2018, the preliminary prospectus supplement relating to the offering dated June 23, 2020 and other documents the Company has filed with the SEC for more complete information about the Company and this offering. These documents may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.

The prospectus supplement and accompanying prospectus relating to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at 1-888-603-5847; BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255, or by calling toll-free at 1-800-294-1322; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, or by calling collect at 1-212-834-4533; Santander Investment Securities Inc., Attention: Debt Capital Markets, 45 East 53rd Street, New York, New York 10022, or by calling toll-free at 1-855-403-3636; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by calling toll-free at 1-800-645-3751.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AerCap
AerCap is the global leader in aircraft leasing with 1,372 aircraft owned, managed or on order and $47.1 billion of total assets as of March 31, 2020. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.

Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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SOURCE AerCap Holdings N.V.

FAQ

What is the amount raised by AerCap in the recent senior notes offering?

AerCap raised $1.25 billion through its senior notes offering.

What is the interest rate on AerCap's senior notes due in 2023?

The interest rate on AerCap's senior notes is 4.50%.

Who are the joint book-running managers for AerCap's notes offering?

Barclays Capital, BofA Securities, J.P. Morgan, Santander Investment Securities, and Wells Fargo Securities are the joint book-running managers.

What will the proceeds from the senior notes be used for?

The proceeds from the senior notes will be used for general corporate purposes.

How many aircraft does AerCap manage as of March 31, 2020?

AerCap manages 1,372 aircraft.