AerCap Completes Unsecured Credit Facility Upsize to $950MM

Aircraft lessor AerCap completed the upsize, amendment and extension of its $600 million unsecured revolving credit facility. The new facility size is $950 million and comprises a four-year revolving period.

CTBC Bank, DBS Bank and First Abu Dhabi Bank acted as coordinators. Citi acted as facility agent.

Brian Canniffe, group treasurer of AerCap, said, “We are very pleased with the successful closing of this valuable facility that continues to provide us with ongoing committed liquidity at improved terms and supports the growth of our business. We are pleased to welcome new lenders to the AerCap group together with the continued support and confidence of our existing banking partners.”

As of December 31, 2017, AerCap has 1,531 owned, managed or on order aircraft in its portfolio.

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