AerCap Signs $400 M Credit Facility for 12 Boeing 737-800s

AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it has signed a new $400 million credit facility with a ten year term to provide long term financing for 12 Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap's previously announced transaction with American Airlines for the purchase and leaseback of 35 Boeing 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 coordinating bank and facility agent. Paul Rofe, Group Treasurer of AerCap said: "This significant transaction means that AerCap now has committed financing on our deliveries to American Airlines through the first quarter of 2013. The strong support of our banking partners has been key in bringing this transaction to a successful conclusion." The total amount of financing transactions AerCap has completed year-to-date is $1.5 billion.
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Source: AerCap Holdings N.V.
Date: Oct 25, 2011