AerCap Holdings announced it amended and extended its $1.1 billion term loan facility originally put in place by ILFC in March 2011, taking advantage of the attractive terms and pricing currently available in the debt markets.

The margin was reduced by 75bps and the maturity of the term loan was extended by three years from March 2018 to March 2021.

Citi acted as lead arranger of the amendment and extension.

Paul Rofe, group treasurer of AerCap, said, “We are very pleased with the extension term and the significantly improved pricing which reflects the continually improving credit profile of the company.”