E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/24/2010 in the Prospect News Private Placement Daily.

New Issue: AerCap closes $74 million 3.215% notes issuance to refinance aircraft

By Lisa Kerner

Charlotte, N.C., Sept. 24 - AerCap Holdings NV closed a $74 million issuance of 3.215% fixed-rate notes, according to a company news release.

The notes, which priced on Sept. 20, mature in 2021 and are the company's second issuance guaranteed by the Export Credits Guarantee Department, the United Kingdom's export credit agency.

AerCap said the transaction completes the refinancing of an A330-300 aircraft that was previously financed by export credit agency-guaranteed debt provided by Credit Agricole CIB.

The aircraft was delivered in the fourth quarter of 2009 and has been place on long-term lease.

AerCap is an independent aircraft leasing company based in Amsterdam.

Issuer:AerCap Holdings NV
Guarantor:Export Credits Guarantee Department
Issue:Fixed-rate notes
Amount:$74 million
Maturity:2021
Coupon:3.215%
Pricing date:Sept. 20

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.