DUBLIN--AerCap Holdings N.V. ("AerCap"), (NYSE: AER) announced today that it has completed the closing of a new $0.6 billion 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 eight aircraft and matures in 2024.
AIB Corporate Banking, Bank of Ireland Corporate Banking, Commerzbank AG, Commonwealth Bank of Australia, Crédit Agricole CIB, DekaBank Deutsche Girozentrale, Helaba, HSBC, KfW IPEX-Bank GmbH, MUFG and National Australia Bank acted as Mandated Lead Arrangers and Crédit Agricole CIB acted as Facility Agent and Security Trustee on the transaction.
Paul Rofe, Group Treasurer of AerCap, said: “We are delighted with the successful closing of this facility, which strengthens further our committed liquidity for funding aircraft throughout 2017. We appreciate the great support from both new and existing banking partners.”
The total amount of financing transactions completed in 2016 to date is $3.5 billion.
AerCap is the global leader in aircraft leasing with, as of September 30, 2016, 1,607 owned, managed or on order aircraft in its portfolio. 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 Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
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