AerCap completes new $700 million six-year secured credit facility

By Tali Rackner

Norfolk, Va., July 25– AerCap Holdings NV closed on a new $700 million secured credit facility, according to a press release.

The facility, which matures in 2022, was signed to finance a portfolio of 13 aircraft.

AIB Corporate Banking, Bank of Ireland Corporate Banking, Commonwealth Bank of Australia, Credit Industriel et Commercial, DekaBank Deutsche Girozentrale, Development Bank of Japan Inc., HSBC, KFW IPEX-Bank GmbH, MUFG, National Australia Bank and Sumitomo Mitsui Trust Bank acted as lead arrangers on the deal.

“We are very pleased with the successful closing of this transaction, which will contribute to the funding of deliveries through 2017,” AerCap group treasurer Paul Rofe said in the release.

“The transaction also allows us to welcome new lenders to the AerCap group together with our existing banking partners.”

The total amount of financing transactions completed in 2016 to date is $2.8 billion, the release said.

AerCap is an independent aircraft leasing company based in Amsterdam.

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