AerCap’s $750 Million Senior Notes Offering


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 $750 million aggregate principal amount of 2.875% Senior Notes due 2024.

BNP Paribas Securities Corp.; Citigroup Global Markets Inc.; Credit Agricole Securities (USA) Inc.; RBC Capital Markets, LLC.; TD Securities (USA) LLC; Barclays Capital Inc.; BofA Securities, Inc.; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; Goldman Sachs & Co. LLC; HSBC Securities (USA) Inc.; J.P. Morgan Securities LLC; Mizuho Securities USA LLC; Morgan Stanley & Co. LLC; MUFG Securities Americas Inc.; Santander Investment Securities Inc.; SunTrust Robinson Humphrey, Inc.; Wells Fargo Securities, LLC acted as underwriters on the deal.

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 (Picture), 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).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jessica Jeong – Simpson Thacher & Bartlett; Chia-Chen Lee – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Ashley Yoon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Capital; BNP Paribas Securities; Citigroup Global Markets Ltd; Credit Agricole Securities (USA) Inc.; Credit Suisse Securities Limited; Deutsche Bank Securities; Goldman Sachs & Co.; HSBC Securities; JP Morgan Securities; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; RBC Capital Markets; Santander Investment Securities Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; Wells Fargo Securities;

Author: Ambrogio Visconti