Simpson Thacher Advises on AerCap’s $1.5 Billion Senior Notes Offering and Related Tender Offer
09.25.20
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Simpson Thacher represented the underwriters 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 $900 million aggregate principal amount of 3.15% Senior Notes due 2024 and $600 million aggregate principal amount of 4.625% Senior Notes due 2027. AerCap intends to use the net proceeds of the offering to fund its waterfall cash tender offer to purchase a portion of several series of its outstanding notes. To date, Simpson Thacher has represented the underwriters in connection with over $11.5 billion of debt and equity financings by AerCap or its subsidiaries since 2017. Simpson Thacher also represented the dealer managers in connection with the tender offer.
AerCap is a global leader in aircraft leasing. As of June 30, 2020, AerCap owned 931 aircraft and managed 104 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, Christine Turner and Lauren Maxfield (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).