By Rebecca Melvin
Concord, N.H., Nov. 10 – AerCap Global Aviation Trust and AerCap Ireland DAC priced $1 billion of 1.899% senior global notes due 2025, according to a 6-K filed with the Securities and Exchange Commission.
The notes were issued to a subsidiary of General Electric Co. in connection with the closing AerCap’s acquisition of GE Capital Aviation Services.
The notes have a make-whole call with a Treasuries plus 20 basis points discount rate and accrued interest, followed by a par call on Oct. 1, 2025.
They have a change of control put at 101.
Bank of New York Mellon Trust Co. NA is trustee of the issue.
AerCap is an independent aircraft leasing company based in Dublin.
| Issuers: | AerCap Global Aviation Trust and AerCap Ireland DAC
|
| Amount: | $1 billion
|
| Description: | Global notes
|
| Maturity: | Nov. 1, 2025
|
| Coupon: | 1.899%
|
| Call features: | Make-whole call with Treasuries plus 20 bps discount rate and accrued interest, then a par call on Oct. 1, 2025
|
| Change of control: | Yes, at 101%
|
| Pricing date: | Nov. 1
|
| 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.
