By Andrea Heisinger
New York, March 14 - International Lease Finance Corp. sold $1.5 billion of senior notes (B1/BBB-/BB) in two parts on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The $750 million of 4.875% three-year paper priced at 99.65 to yield 5%.
A $750 million tranche of 5.875% seven-year notes sold at 99.288 to yield 6%.
Both tranches are non-callable.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC were the active bookrunners. Passive bookrunners were Barclays Capital Inc. and Macquarie Capital (USA) Inc.
Co-managers were Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and UBS Securities LLC.
Proceeds will be used to repay amounts under a $750 million term loan due March 17, 2015 and for general corporate purposes, including repayment of debt and aircraft purchase.
The aircraft leasing company is based in Los Angeles.
| Issuer: | International Lease Finance Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.5 billion
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC (active), Barclays Capital Inc., Macquarie Capital (USA) Inc. (passive)
|
| Co-managers: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, RBC Capital Markets LLC, UBS Securities LLC
|
| Trade date: | March 14
|
| Settlement date: | March 19
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: BBB-
|
| Fitch: BB
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2015
|
| Coupon: | 4.875%
|
| Price: | 99.65
|
| Yield: | 5%
|
| Call: | Non-callable
|
|
|
| Seven-year notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2019
|
| Coupon: | 5.875%
|
| Price: | 99.288
|
| Yield: | 6%
|
| Call: | Non-callable
|
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