AerCap Holdings has completed the closing of a new $0.7 billion secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017.

The facility was signed to finance a portfolio of 13 aircraft and matures in 2022. AIB Corporate Banking, Bank of Ireland Corporate Banking, Commonwealth Bank of Australia, Crédit Industriel et Commercial, DekaBank Deutsche Girozentrale, Development Bank of Japan Inc., HSBC, KFW IPEX-Bank GmbH, MUFG, National Australia Bank and Sumitomo Mitsui Trust Bank acted as Mandated Lead Arrangers on the transaction. 

Borrowings under the term loan facility bear interest at three-month LIBOR plus a margin of
1.75%, or, if applicable, a base rate plus a margin of 1.75%. The loans can be voluntarily prepaid at
any time, subject to certain conditions. Celtago II’s obligations under the term loan facility are
guaranteed by AerCap Holdings N.V. and certain of its subsidiaries. As of December 31, 2016,
Celtago II had $65.0 million of loans outstanding relating to two aircraft.

MSN 38756 delivered in March 2017;

MSN 7494 delivered in March 2017 on lease with Azul;