November 1, 2012
AerCap Signs $160 Million Credit Facility for Five Boeing 737-800s
Amsterdam, The Netherlands; November 1, 2012 - AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it has signed a new $160 million credit facility with a ten year term for five Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap's previously announced transaction with American Airlines for the purchase and leaseback of new Boeing 737-800 aircraft.
The facility was co-arranged by Commonwealth Bank of Australia, Norddeutsche Landesbank Girozentrale, DVB Bank SE and Landesbank Hessen-Thüringen Girozentrale. DVB Bank SE acted as coordinating bank and Crédit Agricole Corporate and Investment Bank acted as facility agent. The facility contains a feature which allows the total facility size to be increased up to $384 million for a maximum of twelve Boeing 737-800 aircraft.
This financing transaction is in addition to the $400 million credit facility for twelve Boeing 737-800 aircraft for American Airlines, which was announced in October 2011.
Paul Rofe, Group Treasurer of AerCap said: "With this new facility, which provides for additional aircraft, we have committed financings for the most significant portion of our American Airlines deliveries."
The total amount of financing transactions AerCap has completed year-to-date is $1.0 billion.
AerCap is the world's leading independent aircraft leasing company and has one of the youngest fleets in the industry. AerCap is a New York Stock Exchange-listed company (AER) headquartered in The Netherlands with offices in Ireland, the United States, China, Singapore, and the United Arab Emirates.
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