AerCap pricing $800 million notes in two bullet tranches Monday

By Paul A. Harris

Portland, Ore., June 22 – Amsterdam-based AerCap Holdings NV plans to price $800 million of non-callable senior notes (expected ratings Ba2/BB+) following a mid-morning conference call with investors on Monday, market sources say.

The public deal is coming in two tranches, including five-year notes that are in the market with preliminary guidance of 4 3/8% and seven-year notes with preliminary guidance of 4 7/8%.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman Sachs & Co. are the joint physical bookrunners in a syndicate of managers that also includes Barclays, BofA Merrill Lynch, Citigroup Global Markets, Credit Agricole CIB, J.P. Morgan Securities LLC, Mizuho Securities, Morgan Stanley & Co., RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities LLC.

The deal is in the market via wholly owned subsidiaries AerCap Ireland Capital Ltd. and AerCap Global Aviation Trust.

The aircraft leasing company plans to use the proceeds for general corporate purposes.

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