AerCap Holdings N.V. Announces Closing of $500 Million Inaugural Sukuk Issuance
AerCap Holdings N.V. (AER) has successfully completed its inaugural $500 million Sukuk issuance, priced at a 4.500% profit rate with a five-year maturity. The trust certificates were issued by Aercap Sukuk The company plans to use the net proceeds for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness.
Arab Banking (B.S.C.) acted as Arranger and Joint Lead Manager, while Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, and KFH Capital Investment Company K.S.C.C. served as Joint Lead Managers. Warba Bank K.S.C.P. acted as Co-Lead Manager for the issuance.
AerCap Holdings N.V. (AER) ha completato con successo la sua prima emissione di Sukuk da 500 milioni di dollari, con un tasso di profitto del 4,500% e una durata di cinque anni. I certificati di fiducia sono stati emessi da Aercap Sukuk. L'azienda prevede di utilizzare i proventi netti per scopi aziendali generali, inclusi l'acquisto, l'investimento, il finanziamento o il rifinanziamento di beni aeronautici e il rimborso di debiti.
Arab Banking (B.S.C.) ha agito come Organizzatore e Co-Lead Manager, mentre Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc e KFH Capital Investment Company K.S.C.C. hanno svolto il ruolo di Co-Lead Managers. Warba Bank K.S.C.P. ha agito come Co-Lead Manager per l'emissione.
AerCap Holdings N.V. (AER) ha completado con 茅xito su primera emisi贸n de Sukuk de 500 millones de d贸lares, con un tasa de beneficios del 4,500% y un plazo de cinco a帽os. Los certificados de fideicomiso fueron emitidos por Aercap Sukuk. La compa帽铆a planea utilizar los ingresos netos para fines corporativos generales, incluyendo la adquisici贸n, inversi贸n, financiamiento o refinanciamiento de activos aeron谩uticos y el pago de deudas.
Arab Banking (B.S.C.) actu贸 como Organizador y Co-Lead Manager, mientras que Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc y KFH Capital Investment Company K.S.C.C. desempe帽aron el papel de Co-Lead Managers. Warba Bank K.S.C.P. actu贸 como Co-Lead Manager para la emisi贸n.
AerCap Holdings N.V. (AER)電 5鞏 雼煬 攴滊鞚 觳 氩堨Ц Sukuk 氚滍枆鞚 靹标车鞝侅溂搿 鞕勲頃橃榾鞙茧┌, 4.500%鞚 靾橃澋毳搿 5雲 毵岅赴鞛呺媹雼. 鞁犿儊 歃濎劀電 Aercap Sukuk鞐 鞚橅暣 氚滍枆霅橃棃鞀惦媹雼. 須岇偓電 鞚茧皹 旮办梾 氇╈爜鞚 鞙勴暣 靾滌澊鞚奠潉 靷毄頃橁碃, 鞐赴鞐愲姅 頃车旮 鞛愳偘鞚 鞚胳垬, 韴瀽, 鞛愱笀 臁半嫭 霕愲姅 鞛湹鞛 氚 牍 臧氷赴臧 韽暔霅╇媹雼.
Arab Banking (B.S.C.)電 欤缄磤靷澊鞛 瓿惦彊 毽摐 毵る媹鞝搿 頇滊彊頃橃榾鞙茧┌, Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc 氚 KFH Capital Investment Company K.S.C.C.電 瓿惦彊 毽摐 毵る媹鞝搿滌劀 鞐暊鞚 靾橅枆頄堨姷雼堧嫟. Warba Bank K.S.C.P.電 氚滍枆鞐 雽頃 瓿惦彊 欤缄磤靷 頇滊彊頄堨姷雼堧嫟.
AerCap Holdings N.V. (AER) a r茅ussi 脿 r茅aliser sa premi猫re 茅mission de Sukuk de 500 millions de dollars, avec un taux de profit de 4,500% et une d茅lai de cinq ans. Les certificats de fiducie ont 茅t茅 茅mis par Aercap Sukuk. La soci茅t茅 pr茅voit d'utiliser les produits nets 脿 des fins corporatives g茅n茅rales, y compris l'acquisition, l'investissement, le financement ou le refinancement d'actifs a茅riens et le remboursement de dettes.
Arab Banking (B.S.C.) a agi en tant qu'organisateur et co-responsable de la gestion, tandis que Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc et KFH Capital Investment Company K.S.C.C. ont servi en tant que co-responsables de la gestion. Warba Bank K.S.C.P. a agi en tant que co-responsable de la gestion pour l'茅mission.
AerCap Holdings N.V. (AER) hat erfolgreich ihre erste Sukuk-Ausgabe in H枚he von 500 Millionen US-Dollar mit einem Gewinnsatz von 4,500% und einer Laufzeit von f眉nf Jahren abgeschlossen. Die Treuhandzertifikate wurden von Aercap Sukuk ausgegeben. Das Unternehmen plant, die Nettomittel f眉r allgemeine Unternehmenszwecke zu verwenden, einschlie脽lich des Erwerbs, der Investition, der Finanzierung oder Refinanzierung von Flugzeugverm枚gen und der R眉ckzahlung von Verbindlichkeiten.
Arab Banking (B.S.C.) fungierte als Arrangeur und Joint Lead Manager, w盲hrend Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc und KFH Capital Investment Company K.S.C.C. als Joint Lead Managers t盲tig waren. Warba Bank K.S.C.P. agierte als Co-Lead Manager f眉r die Emission.
- Successful completion of $500 million Sukuk issuance
- Diversification of funding sources through inaugural Sukuk offering
- Competitive 4.500% profit rate for the five-year maturity period
- Proceeds to be used for strategic purposes including aircraft asset acquisition and debt repayment
- Increase in company's debt obligations
Insights
AerCap's successful
The use of proceeds for general corporate purposes, including aircraft acquisitions and debt repayment, provides financial flexibility. This could strengthen AerCap's position in the competitive aircraft leasing market. The involvement of major financial institutions as lead managers underscores the deal's credibility and AerCap's strong relationships in the global financial community.
For investors, this Sukuk issuance demonstrates AerCap's proactive approach to capital management and its ability to tap into diverse funding sources, which could positively impact the company's long-term financial stability and growth prospects.
AerCap's inaugural Sukuk issuance is a strategic move that aligns with the growing trend of conventional companies tapping into the Islamic finance market. The
The structure of the Sukuk, issued through Aercap Sukuk , likely involves an ijara (lease) or wakala (agency) arrangement, common in aircraft financing. This structure allows AerCap to comply with Islamic finance principles while achieving its funding objectives. The participation of prominent Islamic banks alongside conventional institutions in the deal highlights the growing convergence of Islamic and conventional finance in global capital markets.
This issuance could pave the way for more Sukuk offerings from AerCap and potentially inspire other aircraft leasing companies to explore Islamic finance options, contributing to the sector's growth and diversification.
The Company intends to use the net proceeds from the issuance for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness.
Arab Banking Corporation (B.S.C.) acted as Arranger and Joint Lead Manager.
This press release shall not constitute an offer to sell or purchase or the solicitation of an offer to sell or purchase the certificates or any other securities, nor shall there be any offer, solicitation, purchase or sale of these securities in any state or jurisdiction in which such offer, solicitation, purchase or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by
As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the SEC. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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