AerCap Funding prices $900M of 4.875% senior notes due 2031, guaranteed by AerCap Holdings

Filed July 1, 2026 · ~2 min read

Key Changes

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  AerCap Funding issues $900 million of 4.875% senior notes maturing July 7, 2031, guaranteed by AerCap Holdings and six subsidiaries on a senior unsecured basis. Proceeds will be used for general corporate purposes, including acquiring and financing aircraft assets and repaying debt.

  The Offering verify on EDGAR →
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  As of March 31, 2026, AerCap had $43.3 billion in outstanding debt (61% of total assets) and incurred $467 million in interest expense for Q1 2026. Of total debt, $6.6 billion is secured, meaning these unsecured notes are effectively subordinated to that secured debt to the extent of collateral value.

  Risk Factors verify on EDGAR →
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  Non-guarantor subsidiaries hold $57.5 billion in assets and $15.2 billion in liabilities. The notes are structurally subordinated to all liabilities of these subsidiaries, meaning noteholders have no direct claim on these substantial assets unless dividended up to guarantor entities.

  Risk Factors verify on EDGAR →