Published on 8/7/2019 in the Prospect News Investment Grade Daily.
New Issue: AerCap sells $750 million of 2.875% five-year senior notes with 147 bps spread
By Cristal Cody
Tupelo, Miss., Aug. 7 – AerCap Ireland Capital DAC and AerCap Global Aviation Trust sold $750 million of 2.875% five-year guaranteed senior notes (Baa3/BBB-/BBB-) on Wednesday at a spread of 147 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.654 to yield 2.95%.
Bookrunners were BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., RBC Capital Markets LLC, TD Securities (USA) LLC, Barclays, BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, MUFG, Santander Investment Securities Inc., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC.
The notes are guaranteed by AerCap Holdings NV.
Proceeds will be used for general corporate purposes, including to acquire, finance or refinance aircraft assets and to repay debt.
AerCap is an independent aircraft leasing company based in Amsterdam.
| Issuers: | AerCap Ireland Capital DAC/AerCap Global Aviation Trust
|
| Guarantor: | AerCap Holdings NV
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Aug. 14, 2024
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., RBC Capital Markets LLC, TD Securities (USA) LLC, Barclays, BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, MUFG, Santander Investment Securities Inc., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC
|
| Co-managers: | Citizens Capital Markets Inc., Fifth Third Securities Inc., Scotia Capital (USA) Inc. and SG Americas Securities LLC
|
| Coupon: | 2.875%
|
| Price: | 99.654
|
| Yield: | 2.95%
|
| Spread: | Treasuries plus 147 bps
|
| Call features: | Make-whole call at Treasuries plus 25 bps before July 14, 2024; thereafter at par
|
| Trade date: | Aug. 7
|
| Settlement date: | Aug. 14
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Fitch: BBB-
|
| Distribution: | SEC registered
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
