Simpson Thacher represented the dealer managers in connection with the offers by AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, subsidiaries of AerCap Holdings N.V. (“AerCap”) to exchange their 1.75% Senior Notes due 2024, 2.875% Senior Notes due 2024, 1.65% Senior Notes due 2024, 3.15% Senior Notes due 2024, 3.5% Senior Notes due 2025 and 6.5% Senior Notes due 2025 for up to $1.5 billion aggregate principal amount of newly issued 6.45% Senior Notes due 2027 and a cash payment. To date, Simpson Thacher has represented the underwriters in connection with approximately $45 billion of debt and equity financings by AerCap or its subsidiaries since 2017.
AerCap is the global leader in aviation leasing with 2,113 aircraft owned, managed or on order and $72 billion of total assets as of September 30, 2023. AerCap serves approximately 300 customers with comprehensive fleet solutions from its headquarters in Dublin, with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle and Toulouse.
The Simpson Thacher team for the transaction included David Azarkh, Jieun Lim and Dan Kim (Capital Markets); Jonathan Cantor and Matthew Lester (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Mark Skerry and Laurel Fresquez (Regulatory); and Jennie Getsin (FINRA and Blue Sky). Adriana Estor also provided valuable assistance.