AerCap Holdings announces tender offer for six series of notes

Chicago, July 13 – AerCap Holdings NV announced the start of a tender offer for up to $1.25 billion for six series of notes in a press release on Monday.

The issuers of the various series of notes are wholly owned subsidiary AerCap Global Aviation Trust, as successor to International Lease Finance Corp., and AerCap Ireland Capital DAC.

The notes will be tendered based on an acceptance priority level. The notes are listed in acceptance priority level below. No series of notes accepted for purchase will be prorated.

The three series of notes in the tender offer issued by AerCap Global, as successor to International Lease Finance, are the following:

• $1 billion principal amount outstanding of 8¼% notes due Dec. 15, 2020 (ISIN: US459745GF62) for a total consideration of $1,030 per $1,000 principal amount of notes;

• $650 million principal amount outstanding of 8 5/8% notes due Jan. 15, 2022 (ISIN: US459745GK57) for a total consideration of $1,087.50 per $1,000 principal amount of notes; and

• $499,075,000 principal amount of 4 5/8% notes due April 15, 2021 (ISIN: US459745GQ28) for a total consideration of $1,022.50 per $1,000 principal amount of notes.

The three series of notes in the tender offer issued by AerCap Global Aviation and AerCap Ireland Capital are the following:

• $1.1 billion of 4½% notes due May 15, 2021 (ISINs: USG01080AC74, USG01080AC74 and USG01080AC74) for a total consideration of $1,023.75 per $1,000 principal amount of notes;

• $800 million of 5% notes due Oct. 1, 2021 (ISIN: US00772BAM37) for a total consideration of $1,028.75 per $1,000 principal amount of notes; and

• $700 million of 4.45% notes due Dec. 16, 2021 (ISIN: US00774MAH88) for a total consideration of $1,023.75 per $1,000 principal amount of notes.

The tender offer expiration time and withdrawal deadline is 5 p.m. ET on July 17.

Settlement is expected for 5 p.m. ET on July 21.

The expiration date for guaranteed delivery procedures is 5 p.m. ET on July 21.

Settlement for guaranteed delivery is July 22.

Citigroup Global Markets Inc. (800 558-3745, 212 723-6106), Credit Suisse Securities (USA) LLC (800 820-1653, 212 538-5828) and J.P. Morgan Securities LLC (866 834-4666, 212 834-8553) are the lead dealer managers.

Barclays, Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and RBC Capital Markets LLC are co-dealer managers.

Global Bondholder Services Corp. (866 807-2200, 212 430-3774 and contact@gbsc-usa.com) is the information agent and tender agent.

AerCap is an independent aircraft leasing company based in Amsterdam.

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