AerCap Announces Closing of $0.7 Billion New Credit Facility
DUBLIN--(BUSINESS WIRE)-- AerCap Holdings N.V. ("AerCap", NYSE: AER) announced today that it has completed the closing of a new $0.7 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 the end of 2016.
The facility was signed to finance a portfolio of 9 aircraft and has a maturity date of December 2022. The facility was coordinated by CTBC Bank Co. Ltd., Development Bank of Japan, and DBS Bank Ltd., all of whom together with Bank of Tokyo-Mitsubishi UFJ, National Australia Bank, China Construction Bank, Bank of East Asia and The Tokyo Star Bank, acted as Mandated Lead Arrangers.
Paul Rofe, Group Treasurer of AerCap, said: “We are very pleased with the successful closing of this transaction, which further demonstrates AerCap’s excellent access to liquidity. We were able to welcome new lenders to the AerCap group along with enjoying the continued support and confidence of our existing banking partners in executing this facility.”
The total amount of financing transactions completed in 2016 is $0.8 billion.
About AerCap
AerCap is the global leader in aircraft leasing with approximately 1,700 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves over 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.
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.
For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160407005893/en/
AerCap Holdings N.V.
For Investors/Media:
John Wikoff,
+31 20 655 9661
Investor Relations
[email protected]
Source: AerCap Holdings N.V.
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