AerCap has priced an $1bn offering of 5.750% Senior Notes due 2028 issued at a price to the public of 99.031%, resulting in a yield to maturity of 5.977%.
The notes, issued by AerCap Ireland Capital Designated Activity Company (AICDAC) and AerCap Global Aviation Trust, effective yield to maturity will be 5.713%.
The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the AerCap.
Net proceeds will be used for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness.
Barclays, Credit Agricole CIB, Deutsche Bank Securities, RBC Capital Markets and Wells Fargo Securities are serving as joint book-running managers for the underwritten public offering.