AerCap Announces Closing of New $0.6 Billion Credit Facility
November 21 2016 - 8:30AM
Business Wire
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.
About AerCap
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.
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, 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, there can be no assurance
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. 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 and follow us
on Twitter www.twitter.com/aercapnv.
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version on businesswire.com: http://www.businesswire.com/news/home/20161121005567/en/
AerCap Holdings N.V.For Investors:John Wikoff, +31 20 655
9661Head of Investor Relationsjwikoff@aercap.comorFor
Media:Gillian Culhane, +353 1 636 0945Vice President Corporate
Communicationsgculhane@aercap.com
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