AerCap Holdings N.V. (NYSE: AER) has announced it (and its subsidiaries) are party to a USD 4.0 billion unsecured revolving credit facility with a syndicate of financial institutions that matures in February 2024, the company said.
On March 12, 2020, the company provided a borrowing notice to the lenders with respect to the remaining available amount under this facility.
AerCap, said it has decided to take this action as a precautionary measure, given recent market volatility. AerCap continues to maintain a strong liquidity and financial position, with USD 28.2 billion of unencumbered assets and USD 8.2 billion of available liquidity as of December 31, 2019.
AerCap is an aircraft leasing with 1,334 aircraft owned, managed or on order and USD 43.7 billion of total assets as of December 31, 2019. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions.