AerCap completes amendment to revolving debt facility
AerCap Holdings NV has completed an amendment to its revolving debt facility. The USD775 million non-recourse facility, arranged by UBS Securities, was originally put in place during Apr-2006 and has now been amended to allow for an additional two year revolving period with a three year term-out period, extending the transaction to Jun-2016.
The facility "continues to allow for the acquisition of a range of aircraft types, and provides AerCap committed financing and significant flexibility to purchase aircraft", according to AerCap.
The total amount of financing transactions completed in 2011 by AerCap is now USD1 billion. Two long term debt facilities for A330 aircraft financings were closed earlier this year with Landesbank Hessen-Thueringen Girozentrale of Germany and DBS Bank Ltd of Singapore.
AerCap's shares closed 2.1% lower on Friday.
Selected Lessors daily share price movements (% change): 13-Jun-2011