AerCap Holdings announced that it has completed the closing of $1.3 billion 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 $0.8 billion 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, Credit 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 $0.5 billion limited-recourse facility was arranged by Wells Fargo Bank and will finance a portfolio of nine aircraft over a five-year term.

Paul Rofe, group treasurer of AerCap, said: “We are delighted with the successful closing of these transactions, which further demonstrates AerCap’s excellent access to liquidity. We appreciate the great support and confidence from our banking partners in executing these facilities with us.”

AerCap said the total amount of financing transactions completed in 2015 is $6.7 billion.

AerCap is an aircraft leasing company with 1,725 owned, managed or on order aircraft in its portfolio. AerCap serves over 200 customers in approximately 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine.