By Andrea Heisinger
New York, March 6 - International Lease Finance Corp. sold a $1.25 billion offering of split-rated senior notes (Ba3/BBB-/BB) in Wednesday's session, according to an FWP filing with the Securities and Exchange Commission and an informed source.
The sale included a $750 million tranche of 3.875% five-year notes priced at 99.996 to yield 3.875%.
There was also $500 million of 4.625% eight-year notes that sold at 99.994 to yield 4.625%.
The sale was done off of the high-grade syndicate desk, the source said.
Both tranches are non-callable.
Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC were the active bookrunners.
Passive bookrunners were BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. and UBS Securities LLC.
Proceeds will be used for general corporate purposes, including repayment of debt and aircraft purchases.
The aircraft lessor is based in Los Angeles.
| Issuer: | International Lease Finance Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (active), BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., UBS Securities LLC
|
| Trade date: | March 6
|
| Settlement date: | March 11
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BBB-
|
| Fitch: BB
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | April 15, 2018
|
| Coupon: | 3.875%
|
| Price: | 99.996
|
| Yield: | 3.875%
|
| Call: | Non-callable
|
|
|
| Eight-year notes
|
| Amount: | $500 million
|
| Maturity: | April 15, 2021
|
| Coupon: | 4.625%
|
| Price: | 99.994
|
| Yield: | 4.625%
|
| Call: | Non-callable
|
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