Macquarie AirFinance offers $500 million senior notes due 2028

By Marisa Wong

Los Angeles, April 10 – Macquarie AirFinance Holdings Ltd. has begun an offering of $500 million of senior notes due 2028 (//BB) to investors in a private offering, according to a press release.

The Rule 144A and Regulation S notes will be guaranteed by the company’s direct and indirect subsidiaries.

The company plans to use proceeds from the sale of the notes to prepay a portion of the outstanding principal amount of its term loan dated June 9, 2015 and to repay a portion of the principal amount outstanding under its revolver dated May 15, 2018.

The company will apply to have the notes listed on the Cayman Islands Stock Exchange.

Macquarie AirFinance owns and leases commercial jet aircraft internationally through offices in North America, Europe and Asia. The Dublin-based company is owned by Macquarie Asset Management (50%), PGGM Infrastructure Fund (25%) and Australia Retirement Trust (25%).

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