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AMSTERDAM, Nov 14, 2014 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap", NYSE: AER) announced today that its subsidiary AeroTurbine signed an amendment and extension of its credit facility which increases the size from $430 million to $550 million and extends the maturity of the facility to the fourth quarter of 2019.
The credit facility amendment was led by Credit Agricole CIB, the incumbent administrative agent. Other joint book runners included Morgan Stanley, JP Morgan, BNP Paribas and MUFG Union Bank. Fifth Third Bank acted as documentation agent. The number of participating banks increased from nine to fifteen.
"We are grateful for the continuing support from our banking group as we continue expanding our global business," said Michael King, AeroTurbine President and Chief Executive Officer. "This credit facility further increases our access to attractively priced capital and strengthens our ability to aggressively pursue acquisitions of the most profitable aircraft, engines and parts inventory."
About AerCap
AerCap is the global leader in aircraft leasing with 1,300 owned and managed aircraft in its current fleet and a highly attractive portfolio of 400 high-demand, fuel-efficient aircraft on order. AerCap serves over 200 customers in 90 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Los Angeles, Shannon, Dublin, Fort Lauderdale, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
About AeroTurbine
AeroTurbine, a wholly-owned subsidiary of AerCap, is the largest global provider of aircraft engines, airframes and components. The company also provides part-out and MRO services. AeroTurbine is headquartered in Miami/Miramar (Florida) and has offices in Dallas (Texas), Goodyear (Arizona), London and Singapore.
This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.
www.aercap.com
AeroTurbine Facility Nov 2014: http://hugin.info/149317/R/1871506/658463.pdf
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AerCap Holdings N.V. via Globenewswire
Topic: Press release summary
Source: AerCap Holdings
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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