AerCap Holdings N.V. Announces Pricing of $1.75 Billion Aggregate Principal Amount of Senior Notes

Rhea-AI Summary

AerCap (NYSE:AER) announced on January 6, 2026 the pricing of $1.75 billion aggregate principal amount of senior notes: $900 million of 4.125% Senior Notes due 2029 and $850 million of 4.750% Senior Notes due 2033. The Notes are fully and unconditionally guaranteed on a senior unsecured basis by AerCap and certain subsidiaries.

The issuers intend to use net proceeds for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness. The offering was managed by J.P. Morgan, Wells Fargo Securities, Credit Agricole CIB, Goldman Sachs & Co. LLC and RBC Capital Markets. A Form F-3 registration statement effective October 18, 2024 covers the offering.

Positive

• Priced $900M 4.125% senior notes due 2029
• Priced $850M 4.750% senior notes due 2033
• Net proceeds earmarked for aircraft financing/refinancing and debt repayment
• Notes fully and unconditionally guaranteed by AerCap and subsidiaries

Negative

• Increases consolidated senior unsecured debt by $1.75B
• Creates fixed interest obligations of 4.125% and 4.750% through 2029 and 2033

Key Figures

Total senior notes $1.75 billion Aggregate principal amount of new senior notes offering

2029 Notes size $900 million Aggregate principal of 4.125% Senior Notes due 2029

2033 Notes size $850 million Aggregate principal of 4.750% Senior Notes due 2033

2029 coupon 4.125% Interest rate on Senior Notes due 2029

2033 coupon 4.750% Interest rate on Senior Notes due 2033

F-3 effective date October 18, 2024 Registration statement automatically became effective on filing

Prospectus date October 18, 2024 Date of accompanying base prospectus for this offering

Supplement date January 6, 2026 Date of preliminary prospectus supplement for the notes

Market Reality Check

$144.30 Last Close

Volume Volume 1,158,076 is 3% above the 20-day average of 1,127,202. normal

Technical Shares at $148.09 are trading above the 200-day MA of $118.84 and within 1% of the 52-week high.

Peers on Argus

AER gained 2.39% with modestly above-average volume. Peers in rental & leasing were also positive, with FTAI up 6.24%, UHAL up 5.26%, and URI up 3.14%, while AL and GATX saw smaller gains. The scanner did not flag a coordinated sector momentum move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 23	Aircraft delivery	Positive	-0.3%	First of ten Airbus A321neo delivered to Thai Airways under lease.
Dec 09	Lease agreement	Positive	+0.8%	New A321neo lease agreements with My Freighter, first customer in Uzbekistan.
Dec 01	Cargo delivery	Positive	-1.6%	First Boeing 777-300ERSF freighter delivered to Fly Meta with further deliveries.
Nov 18	Lease agreement	Positive	-0.7%	Five Boeing 737 aircraft lease deals with FlySafair announced at Dubai Airshow.
Oct 29	Earnings filing	Positive	+8.8%	Q3 2025 interim financial report and related disclosures filed with SEC.

Pattern Detected

Recent operational leasing and delivery announcements often saw flat to mildly negative next-day moves, while the Q3 2025 financial report coincided with a strong positive reaction.

Recent Company History

Over the last several months, AerCap reported multiple fleet-related milestones and a key financial update. These included deliveries and lease agreements for Airbus A321neo and Boeing 737/777 aircraft across customers in Thailand, Uzbekistan, and South Africa, with deliveries extending into 2028. Despite generally positive commercial developments, share reactions around these news items were mostly muted. In contrast, the Q3 2025 interim financial report and dividend announcement on Oct 29, 2025 coincided with a notable 8.79% gain, highlighting that detailed financial disclosures have driven the strongest recent move.

Market Pulse Summary

This announcement details AerCap’s pricing of $1.75 billion in senior notes split between 2029 and 2033 maturities, with coupons of 4.125% and 4.750%. The proceeds are earmarked for general corporate purposes, including aircraft-related investments and debt repayment. Against a backdrop of shares trading near a 52-week high, investors may watch how this funding affects debt levels, future interest expense, and the pace of fleet growth relative to returns on capital.

Key Terms

senior notes financial

"priced an offering of senior notes, consisting of $900 million aggregate"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

aggregate principal amount financial

"$900 million aggregate principal amount of the Issuers' 4.125% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

guaranteed on a senior unsecured basis financial

"fully and unconditionally guaranteed on a senior unsecured basis by the Company"

A promise that a debt or obligation will be paid by a guarantor, where the obligation ranks ahead of other unsecured claims if the issuer goes bankrupt but is not backed by specific collateral. Think of it like a co-signer who promises to pay and whose claim comes before ordinary unsecured creditors, giving investors stronger payment priority but without the extra security of a pledged asset.

underwritten public offering financial

"are serving as joint book-running managers for the underwritten public offering."

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

registration statement regulatory

"The Company has filed a registration statement (including a prospectus) on Form F-3"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form f-3 regulatory

"registration statement (including a prospectus) on Form F-3 with the U.S."

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

preliminary prospectus supplement regulatory

"the preliminary prospectus supplement relating to the offering dated January 6, 2026"

A preliminary prospectus supplement is an initial document that provides important details about a new stock or bond offering before it is finalized. It helps investors understand what is being sold and why, so they can decide whether to invest. Think of it as a preview before the full sales brochure is ready.

edgar regulatory

"These documents may be obtained for free by visiting EDGAR on the SEC's website"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. Not financial advice.

DUBLIN, Jan. 6, 2026 /PRNewswire/ -- AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust (together, the "Issuers"), each a wholly-owned subsidiary of AerCap Holdings N.V. ("AerCap" or the "Company"), priced an offering of senior notes, consisting of $900 million aggregate principal amount of the Issuers' 4.125% Senior Notes due 2029 (the "2029 Notes") and $850 million aggregate principal amount of the Issuers' 4.750% Senior Notes due 2033 (the "2033 Notes" and, together with the 2029 Notes, the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain other subsidiaries of the Company.

The Issuers intend to use the net proceeds from the Notes for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness.

J.P. Morgan, Wells Fargo Securities, Credit Agricole CIB, Goldman Sachs & Co. LLC and RBC Capital Markets are serving as joint book-running managers for the underwritten public offering.

The Company has filed a registration statement (including a prospectus) on Form F-3 with the U.S. Securities and Exchange Commission (the "SEC") for the underwritten offering to which this communication relates. The registration statement automatically became effective upon filing on October 18, 2024. Investors should read the accompanying prospectus dated October 18, 2024, the preliminary prospectus supplement relating to the offering dated January 6, 2026, and other documents the Company has filed with the SEC for more complete information about the Company and this offering.

These documents may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. The prospectus supplement and accompanying prospectus relating to this offering may also be obtained from: J.P. Morgan Securities LLC, Attn: Investment Grade Syndicate Desk, 270 Park Avenue, New York, NY 10017, by facsimile at 212-834-6081; Wells Fargo Securities, LLC, Attn: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by telephone at 1-800-645-3751 or by email at wfscustomerservice@wellsfargo.com; Credit Agricole Securities (USA) Inc., Attn: Debt Capital Markets, 1301 Avenue of the Americas, New York, NY 10019, by telephone at 1-866-807-6030 or by email at DCMNewYork@ca-cib.com; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316, or by email at prospectus-ny@ny.email.gs.com; or RBC Capital Markets, LLC, Attn: Syndicate Operations, Brookfield Place, 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone at 1-866-375-6829 or by email at rbcnyfixedincomeprospectus@rbccm.com.

This press release shall not constitute an offer to sell or purchase or the solicitation of an offer to sell or purchase the Notes 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 Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations.

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 the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; trade tensions, including U.S. tariffs and retaliatory measures by some countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aercap-holdings-nv-announces-pricing-of-1-75-billion-aggregate-principal-amount-of-senior-notes-302654327.html

SOURCE AerCap Holdings N.V.

FAQ

How much debt did AerCap (AER) price on January 6, 2026?

AerCap priced $1.75 billion of senior notes: $900M due 2029 and $850M due 2033.

What will AerCap (AER) use the proceeds from the January 2026 notes offering for?

Net proceeds are intended for general corporate purposes, including acquiring or financing aircraft assets and repaying indebtedness.

Are the January 2026 AerCap (AER) notes guaranteed by the parent company?

Yes. The Notes are fully and unconditionally guaranteed on a senior unsecured basis by AerCap and certain subsidiaries.

What are the coupon rates and maturities for AerCap's January 2026 notes?

The offering includes 4.125% notes due 2029 and 4.750% notes due 2033.

Where can investors find the prospectus for AerCap's January 6, 2026 offering (AER)?

Investors can obtain the prospectus and prospectus supplement via the SEC EDGAR website at www.sec.gov or from the listed joint book-runners.