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AMSTERDAM, Dec 10, 2015 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it has completed the closing of $1.3 billion of new credit facilities. The facilities will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through the end of 2016.
A $0.8 billion facility was signed to finance a portfolio of 13 aircraft over a nine-year term. The facility was coordinated by Commonwealth Bank of Australia and Credit Agricole Corporate and Investment Bank, and was co-arranged by Bank of America, N.A., Credit Industriel et Commercial, DekaBank Deutsche Girozentrale, ING Bank, KFW IPEX-Bank GmbH, Helaba, National Australia Bank, and Santander. Credit Agricole Corporate and Investment Bank acted as facility agent.
An additional $0.5 billion limited-recourse facility was arranged by Wells Fargo Bank N.A., and will finance a portfolio of nine aircraft over a five-year term.
Paul Rofe, Group Treasurer of AerCap, said: "We are delighted with the successful closing of these transactions, which further demonstrates AerCap's excellent access to liquidity. We appreciate the great support and confidence from our banking partners in executing these facilities with us."
The total amount of financing transactions completed in 2015 is $6.7 billion.
About AerCap
AerCap is the global leader in aircraft leasing with 1,725 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 90 countries with comprehensive fleet solutions, and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
Forward Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.
For Investors/Media:
John Wikoff
Tel. +31 631 699 430
jwikoff@aercap.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AerCap Holdings N.V. via Globenewswire
Topic: Press release summary
Source: AerCap Holdings
https://www.acnnewswire.com
From the Asia Corporate News Network
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