24 Jul 2017

Irish Aircraft Leasing Newsletter 24 July

AerCap Holdings N.V. Announces Pricing of $1.0 Billion Aggregate Principal Amount of Senior Notes AerCap announced 17 July that AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, each a wholly-owned subsidiary of the Company, priced their offering of senior notes, consisting of $1.0 billion aggregate principal amount of 3.65% Senior Notes due 2027.The Notes will be fully and unconditionally guaranteed on a senior unsecured 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. Aircraft leasing pioneer and Avolon CEO, Dómhnal Slattery, to speak at IoD’s prestigious Autumn Lunch One of Ireland’s most successful entrepreneurs, and one of the world’s leading aircraft leasing pioneers, Dómhnal Slattery, is to speak at the Institute of Directors’ premier annual event in Dublin this Autumn. Dómhnal will be speaking at the Institute of Directors’ Autumn Lunch sponsored by Maples group at the Clayton Hotel - Burlington Rd, Dublin 4, on Friday, 22^nd September 2017. AWAS to Lease Two Airbus A320 Aircraft to Air Guilin AWAS and Air Guilin announced 14 July the completion of lease agreements for two Airbus A320 aircraft. These modern, fuel efficient planes will be delivered in 2018 and are part of a direct order AWAS has with Airbus. Both aircraft will come equipped with CFM 56-5B4/3 PIP engines. NAC delivered one Bombardier Dash 8-Q400, MSN 4336, to SpiceJet on lease Nordic Aviation Capital (NAC) announced 12 July the delivery of one Bombardier Dash 8-Q400, MSN 4336, to SpiceJet on lease. This is the final aircraft to deliver as part of a three-aircraft lease deal signed in 2017. NAC has successfully closed a US$350 million Unsecured Syndicated Revolving Credit Facility (RCF) Nordic Aviation Capital (NAC) announced 17 July that it has successfully closed a US$350 million Unsecured Syndicated Revolving Credit Facility (RCF). The initial credit facility was arranged by Citi | Global Transportation Banking and was supported by BNP Paribas, Crédit Agricole, and Deutsche Bank. The RCF has a 3-year term, and the proceeds will be used to refinance aircraft as well as support future acquisitions. Nordic Aviation Capital (NAC) has successfully completed its debut US$200 million Senior Unsecured Private Placement Nordic Aviation Capital (NAC) announced 19 July that it has successfully completed its debut US$200 million Senior Unsecured Private Placement issuance. The issuance consists of 5 and 7 year tranches, with the proceeds being used to refinance aircraft within our portfolio. The Notes will rank pari passu with all other unsecured indebtedness of the issuer, a wholly-owned subsidiary of NAC. This follows the successful closing of a US$350 million revolving credit facility as the company continues with its unsecured funding strategy. SMBC Aviation Capital closes $500 million senior unsecured notes offering SMBC Aviation Capital announced 19 July that it has closed the sale of $500 million principal amount of 3.00%, 5-year senior unsecured notes due July 2022 .The Notes are fully and unconditionally guaranteed by SMBC Aviation Capital. The proceeds from the offering will be used for general corporate purposes which may include, among other things, the purchase of aircraft and the repayment of existing indebtedness. Stellwagen made its first loan from its recently launched Senior Loan investment vehicle Stellwagen Capital announced 19 July that it has made its first loan from its recently launched Senior Loan investment vehicle.The 10-year loan to China Aircraft Leasing Group Holdings Limited is secured against a new Airbus A321 valued at $116 million, at current list prices. The loan has a balloon structure, which makes it a very attractive financing option for leasing companies and airlines as it minimizes cash outflows during the tenor of the loan. Successful closing of AWAS PDP transaction with Stellwagen Finance acting as sole arranger Stellwagen Finance announced 11 July the closing of a Pre-Delivery Payment (PDP) financing facility for AWAS relating to five Boeing 737 Max 8 aircraft expected to be delivered to the lessor via a purchase leaseback transaction with one of its valued airline customers. Stellwagen Finance was the sole arranger sourcing funds from institutional investors for the facility. Acumen Aviation © 24 July All Rights Reserved.