AerCap Finalizes $1.5B Dual-Tranche Senior Notes Offering at 5.500% and 5.875%
AER sits 25% above its 52-week low of $118.93.
Summary
AerCap finalized its $1.5 billion dual-tranche senior notes offering, locking in 5.500% and 5.875% coupons with net proceeds of ~$1.48 billion for general corporate purposes including aircraft financing and debt repayment.
Key Events · Financing and Capital Events · AER
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$1.5B Dual-Tranche Notes Offering Finalized
AerCap Funding DAC priced $750M of 5.500% Senior Notes due 2030 at 99.658% of par and $750M of 5.875% Senior Notes due 2033 at 99.277% of par, guaranteed by AerCap Holdings N.V.
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Net Proceeds of $1.48B
Total underwriting discount of $8,062,500 (0.450% on 2030 notes, 0.625% on 2033 notes) leaves net proceeds before expenses of $1,483,950,000 for general corporate purposes including aircraft assets and debt repayment.
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Settlement Set for October 7, 2026
Notes will be delivered via DTC on T+10 settlement cycle, with application made for listing on Euronext Dublin's Global Exchange Market.
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Third Major Debt Issuance in Three Months
Follows a $900M 4.875% notes offering completed July 7, 2026, and comes one week after AerCap authorized a new $1B share repurchase program through June 2027.
Analysis · AER · Trade & Services
The terms of AerCap's $1.5 billion senior notes offering are now final, split evenly between 5.500% notes due 2030 and 5.875% notes due 2033. The prospectus supplement shows net proceeds of approximately $1.48 billion after underwriting discounts of $8.1 million, with settlement expected October 7, 2026. This marks the third major debt issuance in three months, following a $900 million offering in July, and comes just one week after the company authorized a new $1 billion share repurchase program — a pattern of aggressive balance-sheet management that extends AerCap's already substantial $43 billion debt load while funding aircraft acquisitions and debt repayment.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AER was trading at $149.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $23B. The 52-week trading range was $118.93 to $158.81. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.