AMSTERDAM, Netherlands, June 26 /CNW/ -- AerCap Holdings N.V. (the
"Company" or "AerCap" (NYSE: AER)) announced today the closing of a $1 billion
aircraft securitization through Aircraft Lease Securitisation II Limited ("ALS
II"). The securitization will provide long term non recourse funding for 30
new A320 family aircraft (the "Aircraft"). The aircraft are part of a 70
aircraft order placed by AerVenture Limited, AerCap's consolidated joint
venture, in January 2006.
Each of the underwriting banks (the "Commitment Holders") has committed
to make advances to ALS II. The proceeds received by ALS II from the advances
and the issuances of Class E Notes to the Seller as outlined below, will be
used by ALS II to acquire the Aircraft which will be leased to customers of
AerCap and AerVenture and to pay certain transaction expenses.
ALS II has issued Class A-1 Floating Rate Asset Backed Notes Series
2008-1 (the "Class A-1 Notes") to the Commitment Holders evidencing their
commitments and advances extended to ALS II. Each Class A-1 Note will have an
initial outstanding principal balance of zero that will be increased as
advances are made.
In addition, ALS II has also issued Class A-2 Floating Rate Asset Backed
Notes Series 2008-1 (the "Class A-2 Notes"). The Class A-2 Notes will have an
initial outstanding principal balance of zero until such time as a Class A-1
Note is exchanged for a Class A-2 Note. The Class A-1 Notes and the Class A-2
Notes will rank pari-passu and have substantially similar terms, but different
transfer restrictions for securities law purposes. The aggregate outstanding
principal balance of the Class A-1 Notes and the Class A-2 Notes will not
exceed $1.0 billion.
ALS II also issued Class E-1 Fixed Rate Deferrable Interest Asset Backed
Notes Series 2008-1 (the "Class E Notes") to AerVenture Leasing 1 Limited, a
subsidiary of AerVenture Limited (the "Seller") and will issue Class E Notes
in connection with the purchase of Aircraft.
The Class A-1 Notes, Class A-2 Notes and Class E-Notes (the "Notes") may
be offered to qualified institutional buyers under Rule 144A, institutional
accredited investors and to persons outside the United States under Regulation
S. The Notes will not be registered under the United States Securities Act of
1933, as amended ("the Securities Act"), and, unless so registered, may not be
offered or sold in the United States except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of the Notes in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
About AerCap Holdings N.V.
AerCap is an integrated global aviation company with a leading market
position in aircraft and engine leasing, trading and parts sales. AerCap also
provides aircraft management services and performs aircraft and engine
maintenance, repair and overhaul services and aircraft disassemblies through
its certified repair stations. AerCap is headquartered in The Netherlands and
has offices in Ireland, the United States, Singapore, China and the United
About AerVenture Limited
AerVenture was established as a joint venture between AerCap and two
Kuwaiti partners, LoadAir and Al Fawares in January 2006 for the acquisition
of 70 new Airbus A320 family aircraft from Airbus. LoadAir is active in air
cargo operations as well as aviation-related investment activities. Al Fawares
is an investment company with a global portfolio of businesses encompassing
media, telecommunications, real estate and banking in addition to aviation.
Forward Looking Statements
This press release may contain forward-looking statements that involve
risks and uncertainties. In most cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue"
or the negative of such terms or similar terminology. Such forward-looking
statements are not guarantees of future performance and involve significant
assumptions, risks and uncertainties, and actual results may differ materially
from those in the forward-looking statements.
For more information regarding AerCap and to be added to our email
distribution list, please visit http://www.aercap.com. The contents of our
website do not constitute part of this press release.
+31 20 655 9658
+31 20 655 9616
For further information:
For further information: Investors, Peter Wortel, +31-20-655-9658,
firstname.lastname@example.org; or Media, Frauke Oberdieck, +31-20-655-9616,
email@example.com, both of AerCap Holdings N.V. Web Site: