AerCap closes USD0.7bn new credit facility

AerCap Holdings N.V. has completed the closing of a new USD0.7 billion secured credit facility, the company said.

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.

The total amount of financing transactions completed in 2016 is USD0.8 billion.

AerCap provides aircraft leasing with approximately 1,700 owned, managed or on order aircraft in its portfolio. It serves over 200 customers in approximately 80 countries with comprehensive fleet solutions. It has headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.