AerCap announces increase and amendment to $1.1bn revolving debt facility

AerCap Holdings N.V. has completed an amendment and upsize of its revolving warehouse facility. The non-recourse facility, which was originally put in place in 2006, has been amended to increase the transaction size to $1.1 billion and to allow for an additional two year revolving period with a three year term-out period, extending the transaction to June 2018. A mechanism to increase the size of the facility post-closing has also been included. Credit Suisse AG acted as Lead Arranger and Structuring Agent on the Transaction. The facility, which currently finances 25 narrowbody aircraft, continues to allow for the acquisition of a range of aircraft types, and provides AerCap committed financing and significant flexibility to purchase aircraft.