Simpson Thacher represented the underwriters, led by BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC, in connection with the registered public offering by AerCap Ireland Capital DAC and AerCap Global Aviation Trust, subsidiaries of AerCap Holdings N.V. (“AerCap”), of $750 million aggregate principal amount of 2.875% Senior Notes due 2024. AerCap intends to use the net proceeds of the offering for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness. To date, Simpson Thacher has represented the underwriters in connection with $7 billion of debt issued by subsidiaries of AerCap since 2017.
AerCap is a global leader in aircraft leasing. As of June 30, 2019, AerCap owned 949 aircraft and managed 93 aircraft. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions from its headquarters in Dublin, with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.
The Simpson Thacher team for the transaction included David Azarkh, Ashley Yoon, Chia-Chen Lee and Jessica Jeong (Capital Markets); Jonathan Cantor and Brian Mendick (Tax); Michael Isby (Environmental); Larry Moss and Eric Wolf (Executive Compensation and Employee Benefits); ; and Jennie Getsin (FINRA and Blue Sky).