AerCap priced a jumbo bond on September 3, 2024. The issuance consists of $1.3bn of 4.625% senior unsecured notes due 2029 and $1.1bn of 4.950% senior unsecured notes due 2034. The 2029 notes are priced with a spread to US Treasuries of 110 basis points (bps). The 2034 notes have a spread to US Treasury treasuries of 130bps. The net proceeds will be used for general corporate purposes, which includes to acquire, invest in, finance, or refinance assets as well as to repay indebtedness. In an SEC filing, the company said it expects the notes to be delivered approximately September 10, 2024. Interest payments begin March 10, 2025, and will be paid that date and September 10, thereafter. The notes were rated Baa1 by Moody's, BBB+ by S&P, and BBB by Fitch. Joint book-running managers for the underwritten public offering are RBC Capital Markets, Wells Fargo Securities, BofA Securities, HSBC, Fifth Third Securities, Societe Generale North America, BNP Paribas Securities, Credit Agricole Securities, Deutsche Bank Securities, TD Securities, Truist Securities, and ING Financial Markets.
AerCap prices jumbo bond
