DUBLIN, July 8, 2024
/PRNewswire/ -- AerCap Ireland Capital Designated Activity Company
and AerCap Global Aviation Trust (together, the "Issuers"), each a
wholly-owned subsidiary of AerCap Holdings N.V. ("AerCap" or the
"Company"), priced an offering of $750
million aggregate principal amount of the Issuers'
Fixed-Rate Reset Junior Subordinated Notes due 2055 (the "Notes").
The Notes will be issued with an initial interest rate of 6.950%
per annum, to be reset on March 10,
2030 and every five years thereafter based on the
then-prevailing five-year U.S. Treasury rate plus a spread of
2.720%. The Notes will be fully and unconditionally guaranteed on
an unsecured junior subordinated basis by the Company and certain
other subsidiaries of the Company.
The Issuers intend to use the net proceeds from the Notes for
general corporate purposes, which may include the redemption of all
or a portion of the Company's outstanding Fixed-Rate Reset Junior
Subordinated Notes due 2079 (the "2079 Junior Subordinated Notes")
on October 10, 2024, which is the
first call date in respect of such notes. The information contained
in this press release does not constitute a notice of redemption
for the 2079 Junior Subordinated Notes.
J.P. Morgan, Mizuho, Goldman Sachs & Co. LLC and Santander
are serving as joint book-running managers for the underwritten
public offering.
The Company has filed a registration statement (including a
prospectus) on Form F-3 with the U.S. Securities and Exchange
Commission (the "SEC") for the underwritten offering to which this
communication relates. The registration statement automatically
became effective upon filing on October 19,
2021. Investors should read the accompanying prospectus
dated October 19, 2021, the
preliminary prospectus supplement relating to the offering dated
July 8, 2024, and other documents the
Company has filed with the SEC for more complete information about
the Company and this offering.
These documents may be obtained for free by visiting EDGAR on
the SEC's website at www.sec.gov. The prospectus supplement and
accompanying prospectus relating to this offering may also be
obtained from: J.P. Morgan Securities LLC, Attn: Investment Grade
Syndicate Desk, 383 Madison Avenue, New
York, New York 10179, by facsimile at 212-834-6081; Mizuho
Securities USA LLC, Attn: Debt
Capital Markets, 1271 Avenue of the Americas, New York, New York 10020, or by calling
toll-free at 1-866-271-7403; Goldman Sachs & Co. LLC, Attn:
Prospectus Department, 200 West Street, New York, New York 10282, by telephone at
1-866-471-2526, by facsimile at 212-902-9316, or by emailing
prospectus-ny@ny.email.gs.com; or Santander US Capital Markets LLC,
437 Madison Avenue, New York, New
York 10022, by telephone at 1-855-403-3636, or by email at
DCMAmericas@santander.us.
This press release shall not constitute an offer to sell or
purchase or the solicitation of an offer to sell or purchase the
Notes, the 2079 Junior Subordinated Notes or any other securities,
nor shall there be any offer, solicitation, purchase or sale of
these securities in any state or jurisdiction in which such offer,
solicitation, purchase or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About AerCap
AerCap is the global leader in aviation leasing with one of the
most attractive order books in the industry. AerCap serves
approximately 300 customers around the world with comprehensive
fleet solutions. AerCap is listed on the New York Stock Exchange
(AER) and is based in Dublin with
offices in Shannon, Miami,
Singapore, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations.
Forward-Looking Statements
This press release contains certain statements, estimates and
forecasts with respect to future performance and events. These
statements, estimates and forecasts are "forward-looking
statements". In some cases, forward-looking statements can be
identified by the use of forward-looking terminology such as "may,"
"might," "should," "expect," "plan," "intend," "will," "aim,"
"estimate," "anticipate," "believe," "predict," "potential" or
"continue" or the negatives thereof or variations thereon or
similar terminology. All statements other than statements of
historical fact included in this press release are forward-looking
statements and are based on various underlying assumptions and
expectations and are subject to known and unknown risks,
uncertainties and assumptions, and may include projections of our
future financial performance based on our growth strategies and
anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied in the forward-looking
statements, including but not limited to the availability of
capital to us and to our customers and changes in interest rates;
the ability of our lessees and potential lessees to make lease
payments to us; our ability to successfully negotiate flight
equipment (which includes aircraft, engines and helicopters)
purchases, sales and leases, to collect outstanding amounts due and
to repossess flight equipment under defaulted leases, and to
control costs and expenses; changes in the overall demand for
commercial aviation leasing and aviation asset management services;
the continued impacts of the Ukraine Conflict, including the
resulting sanctions by the United
States, the European Union, the United Kingdom and other countries, on our
business and results of operations, financial condition and cash
flows; the effects of terrorist attacks on the aviation industry
and on our operations; the economic condition of the global airline
and cargo industry and economic and political conditions; the
impact of current hostilities in the Middle East, or any escalation thereof, on the
aviation industry or our business; development of increased
government regulation, including travel restrictions, sanctions,
regulation of trade and the imposition of import and export
controls, tariffs and other trade barriers; a downgrade in any of
our credit ratings; competitive pressures within the industry;
regulatory changes affecting commercial flight equipment operators,
flight equipment maintenance, engine standards, accounting
standards and taxes; and disruptions and security breaches
affecting our information systems or the information systems of our
third-party providers.
As a result, we cannot assure you that the forward-looking
statements included in this press release will prove to be accurate
or correct. These and other important factors and risks are
discussed in AerCap's annual report on Form 20-F and other filings
with the SEC. In light of these risks, uncertainties and
assumptions, the future performance or events described in the
forward-looking statements in this press release might not occur.
Accordingly, you should not rely upon forward-looking statements as
a prediction of actual results and we do not assume any
responsibility for the accuracy or completeness of any of these
forward-looking statements. Except as required by applicable law,
we do not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE AerCap Holdings N.V.