Aercap Holdings Nv Stock Price, News & Analysis

AerCap Holdings N.V. (NYSE: AER) announced updated pricing terms for its debt tender offers, raising the maximum purchase cap from $1.5 billion to $1.508 billion. The company intends to buy back various series of notes after the Early Tender Deadline on October 6, 2020. All notes validly tendered will be retired and delisted from Euronext Dublin, with a scheduled settlement date of October 8, 2020. The offers are set to expire on October 21, 2020. Investors are advised to consider the terms before deciding to tender their notes.

AerCap Holdings N.V. (AER) announced early results for its debt tender offers totaling up to $1.5 billion, inviting tender for specific notes. As of the early tender deadline on October 6, 2020, approximately $1.88 billion in notes were tendered. Payment for accepted notes will occur on the early settlement date, October 8, 2020. The total consideration for each $1,000 in principal will be based on the yield of reference securities. The offers will expire on October 21, 2020, unless extended. Key lead dealers include Barclays, Deutsche Bank, and Morgan Stanley.

AerCap announced an increase in its tender offer for specific notes from $500 million to $1.5 billion. This includes changes to the financing condition, raising the gross proceeds requirement from $500 million to $1.5 billion. The offers will expire on October 21, 2020, with early tender deadlines set for October 6, 2020. A total consideration will be determined for each series of notes based on fixed spreads, with accrued interest paid as well. The purpose is to retire the maximum number of outstanding obligations.

AerCap Holdings N.V. (NYSE: AER) announced the pricing of $1.5 billion in senior notes, which includes $900 million of 3.150% Senior Notes due 2024 and $600 million of 4.625% Senior Notes due 2027. The proceeds will fund cash tender offers to purchase certain existing notes and cover related fees. Any excess funds will be allocated for general corporate purposes. The offering is backed by a registration statement filed with the SEC.

AerCap Holdings N.V. announced a cash tender offer for its notes totaling up to $500 million through its subsidiary, AerCap Global Aviation Trust. The offer, detailed in the Offer to Purchase, includes specific notes with varying principal amounts and acceptance priority levels. Holders must submit their notes before deadlines to receive the total consideration, with amounts varying based on early tender premiums. The offers will expire on October 21, 2020, with potential for early settlement on October 8, 2020. The offer is contingent on securing $500 million from concurrent note offerings.

AerCap Holdings N.V. (NYSE: AER) has filed its interim financial report for the second quarter ending June 30, 2020, with the SEC. The report includes unaudited consolidated financial statements. The company remains a leader in aircraft leasing, serving nearly 200 customers in around 80 countries. AerCap's position is noted for having one of the most attractive order books in the industry, which could indicate potential growth opportunities despite challenges posed by the ongoing Covid-19 pandemic.

AerCap reported a net income of $246 million for Q2 2020, down from $331 million in Q2 2019. Diluted earnings per share fell to $1.92 from $2.42. Lease revenue decreased by 12% year-over-year to $948 million, primarily due to airline bankruptcies. The company has $12 billion in liquidity, surpassing cash needs for the next year. Adjusted debt/equity ratio stands at 2.5 to 1, with unencumbered assets worth $27 billion. Future deliveries of the Boeing 737 MAX remain uncertain due to ongoing regulatory issues.

AerCap Holdings N.V. (NYSE: AER) announced the expiration and results of its cash offers to purchase certain notes. The offers, which expired on July 17, 2020, included securities totaling $1,000,000,000, $650,000,000, and other amounts, with most of the tendered notes being accepted. Notably, $743,997,000 of the 8.250% Notes and $367,396,000 of the 8.625% Notes were tendered. The company waived certain conditions to allow acceptance of notes with lower priority levels, and accepted a total of $7,888,000 through guaranteed delivery procedures, with settlements on July 20, 2020.