AerCap closes $400m credit facility
AerCap has signed a $400m credit facility with a 10-year term to provide long-term financing for 12 737-800 aircraft.
The aircraft will be leased to American Airlines under AerCap's previously announced transaction with the carrier for the sale and leaseback of 35 737-800 aircraft. The facility was co-arranged by Credit Agricole Corporate and Investment Bank, Norddeutsche Landesbank Girozentrale, Commonwealth Bank of Australia, Landesbank Hessen-Thuringen Girozentrale and DVB Bank SE. Credit Agricole Corporate and Investment Bank acted as co-ordinating bank and facility agent. AerCap has completed $1.5bn of financing transactions in the year-to-date.
