AerCap Prices $1.5B Dual-Tranche Senior Notes Offering
AER sits 22% above its 52-week low of $118.93.
Summary
AerCap priced a $1.5 billion dual-tranche senior notes offering (5.500% due 2030 and 5.875% due 2033), guaranteed by AerCap Holdings, with settlement expected October 7, 2026.
Updates
· SEC 424B5 — The 424B5 finalizes terms: $750M 5.500% notes due 2030 at 99.658% and $750M 5.875% notes due 2033 at 99.277%, with underwriting discounts totaling $8.06M and proceeds before expenses of $1.484B.
Key Events · Financing and Capital Events · AER
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Dual-Tranche Debt Offering Priced
AerCap Funding DAC priced $750M of 5.500% Senior Notes due 2030 and $750M of 5.875% Senior Notes due 2033, guaranteed by AerCap Holdings N.V.
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Gross Proceeds of $1.49B
Combined gross proceeds total approximately $1.49 billion ($747.4M for 2030 notes at 99.658% of par and $744.6M for 2033 notes at 99.277% of par).
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Investment-Grade Ratings
Notes rated Baa1 by Moody's, BBB+ by S&P, and BBB+ by Fitch, reflecting AerCap's strong credit profile.
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Settlement October 7, 2026
Notes expected to settle on October 7, 2026 (T+10), with interest payments beginning January 15, 2027 for 2030 notes and April 7, 2027 for 2033 notes.
Analysis · AER · Trade & Services
AerCap Funding DAC, guaranteed by AerCap Holdings, priced $750 million of 5.500% Senior Notes due 2030 and $750 million of 5.875% Senior Notes due 2033. The combined $1.5 billion raise extends the company's debt maturity profile and provides capital for aircraft acquisitions and general corporate purposes. The notes carry investment-grade ratings (Baa1/BBB+/BBB+) and were priced at spreads of +65bps and +95bps over benchmark Treasuries, reflecting solid institutional demand. This follows a $900 million note offering in June 2026 and comes just one week after the company authorized a new $1 billion share repurchase program, indicating active balance sheet management.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 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 $144.76 on NYSE in the Trade & Services sector, with a market capitalization of approximately $22.4B. 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.