AerCap signs $160M credit facility for five Boeing 737-800s

AerCap Holdings N.V. announced that it has signed a new $160M credit facility with a ten year term for five Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap's previously announced transaction with American Airlines for the purchase and leaseback of new Boeing 737-800 aircraft. The facility was co-arranged by Commonwealth Bank of Australia, Norddeutsche Landesbank Girozentrale, DVB Bank SE and Landesbank Hessen-Thüringen Girozentrale. DVB Bank SE acted as coordinating bank and Crédit Agricole Corporate and Investment Bank acted as facility agent. The facility contains a feature which allows the total facility size to be increased up to $384M for a maximum of twelve Boeing 737-800 aircraft. This financing transaction is in addition to the $400M credit facility for twelve Boeing 737-800 aircraft for American Airlines, which was announced in October 2011.

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