AerCap announces closing of US$1.3 bn of new credit facilities

AerCap Holdings has completed the closing of US$1.3bn of new credit facilities. The facilities will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through the end of 2016. A US$0.8bn facility was signed to finance a portfolio of 13 aircraft over a nine-year term. The facility was coordinated by Commonwealth Bank of Australia and Crédit Agricole Corporate and Investment Bank, and was co-arranged by Bank of America, N.A., Crédit Industriel et Commercial, DekaBank Deutsche Girozentrale, ING Bank, KFW IPEX-Bank GmbH, Helaba, National Australia Bank, and Santander. Crédit Agricole Corporate and Investment Bank acted as facility agent. An additional US$0.5 bn limited-recourse facility was arranged by Wells Fargo Bank N.A., and will finance a portfolio of nine aircraft over a five-year term.