November 14, 2014
AeroTurbine refinances credit facility and increases size to US$550m
AerCap Holdings’ subsidiary AeroTurbine signed an amendment and extension of its credit facility which increases the size from US$430m to US$550m and extends the maturity of the facility to the fourth quarter of 2019. The credit facility amendment was led by Crédit Agricole CIB, the incumbent administrative agent. Other joint book runners included Morgan Stanley, JP Morgan, BNP Paribas and MUFG Union Bank. Fifth Third Bank acted as documentation agent. The number of participating banks increased from nine to fifteen. “We are grateful for the continuing support from our banking group as we continue expanding our global business,” said Michael King, AeroTurbine President and Chief Executive Officer. “This credit facility further increases our access to attractively priced capital and strengthens our ability to aggressively pursue acquisitions of the most profitable aircraft, engines and parts inventory.