By Lisa Kerner
Charlotte, N.C., June 30 - AerCap Holdings NV closed a $151 million issuance of 3.795% fixed-rate notes, according to a company news release.
The notes mature in 2021 and are the company's first issuance guaranteed by the Export Credits Guarantee Department, the United Kingdom's export credit agency.
AerCap said the transaction completes the refinancing of two A330-300 aircraft delivered in the fourth quarter of 2009.
"This transaction provides lower cost funding for AerCap and establishes another new source of capital following the closing of new credit facilities with Chinese and Singaporean banks and a facility for general corporate purposes," group treasurer Paul Rofe said in the release.
AerCap is an independent aircraft leasing company based in Amsterdam.
| Issuer: | AerCap Holdings NV
|
| Guarantor: | Export Credits Guarantee Department
|
| Issue: | Fixed-rate notes
|
| Amount: | $151 million
|
| Maturity: | 2021
|
| Coupon: | 3.795%
|
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