AerCap signs debt facilities for total of $190 million with three banks from Europe and Asia
21-May-2010 AerCap Holdings N.V. ("AerCap"), (NYSE: AER) today announced that it has signed debt facility agreements totaling $190 million.
The facilities have terms ranging from eight to ten years and cover the financing of A319, A321 and A330 aircraft. The separate facilities were provided individually by Credit Agricole CIB, DBS Bank Singapore and Sumitomo Mitsui Banking Corporation (SMBC).
AerCap's CFO, Keith Helming, said: "We are delighted to be expanding AerCap's broad network in the financial community with DBS Bank from Singapore, a new business partner for us, and to build up on our already strong relationships with Credit Agricole CIB and SMBC."
Including the new facilities,AerCap has now closed $560 million of new debt in 2010 which brings the total amount of debt accessed by the company in the last two years to $5.5 billion.