AerCap selling $800 million two-part bullet notes Wednesday

By Paul A. Harris

Portland, Ore., Sept. 24 – AerCap Holdings NV plans to price $800 million non-callable senior notes (expected ratings Ba2/BB+/BB+) in two tranches on Wednesday trailing a late-morning conference call with investors, according to a market source.

The Rule 144A and Regulation S with registration rights deal is coming in tranches of five-year notes and seven-year notes.

J.P. Morgan Securities LLC, RBC Capital Markets and Morgan Stanley & Co. are the joint bookrunners. BofA Merrill Lynch and RBS Securities are the co-managers.

The deal is coming with investment-grade style covenants.

The Amsterdam-based aircraft leasing company plans to use the proceeds for general corporate purposes.

© 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.