Monitor AerCap's upcoming quarterly earnings for updated leverage ratios and interest coverage metrics to assess the impact of this $1.5 billion debt issuance on the company's credit profile. The T+10 settlement cycle means secondary trading of the notes will require alternate settlement arrangements until October 5, 2026.
Price Chart
Executive Summary
AerCap Holdings N.V. subsidiary AerCap Funding Designated Activity Company is issuing $1.5 billion aggregate principal amount of senior notes in two tranches: $750 million 5.500% Senior Notes due 2030 and $750 million 5.875% Senior Notes due 2033, fully and unconditionally guaranteed by AerCap Holdings N.V. and certain subsidiaries. The notes are rated Baa1/BBB+/BBB+ (Moody's/S&P/Fitch) and are being offered via SEC-registered shelf under an underwriting agreement dated September 23, 2026, with settlement on October 7, 2026. This is a routine debt capital markets transaction that increases AerCap's leverage but provides long-term fixed-rate funding at investment-grade pricing.
Key Facts
- Issuance of $750,000,000 5.500% Senior Notes due 2030 and $750,000,000 5.875% Senior Notes due 2033
- Total gross proceeds: $747,435,000 (2030 Notes) + $744,577,500 (2033 Notes) = $1,492,012,500
- Notes are senior unsecured obligations guaranteed by AerCap Holdings N.V. and certain subsidiaries
- Ratings: Baa1 (Moody's) / BBB+ (S&P) / BBB+ (Fitch)
- Trade date: September 23, 2026; Settlement date: October 7, 2026 (T+10)
- 2030 Notes mature January 15, 2030; 2033 Notes mature October 7, 2033
- 2030 Notes: make-whole call at T+10 bps prior to December 15, 2029, then par call
- 2033 Notes: make-whole call at T+15 bps prior to August 7, 2033, then par call
- Underwriters include Citigroup, Mizuho, BNP Paribas, Deutsche Bank, Santander, Truist, and others
Financial Impact
Total gross proceeds of approximately $1.492 billion from the issuance of $1.5 billion aggregate principal amount of senior notes, with net proceeds after underwriting discount and expenses not specified in the filing.
Risk Factors
- Increased leverage from $1.5 billion in new senior unsecured debt
- Interest rate risk: fixed coupons of 5.500% and 5.875% may be above or below prevailing rates at issuance
- Potential downgrade risk if credit metrics deteriorate post-issuance
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950157-26-001081 |
| Exhibit: ex4-1.htm | 0000950157-26-001081 |
| Exhibit: ex5-3.htm | 0000950157-26-001081 |
| Exhibit: ex5-2.htm | 0000950157-26-001081 |
| Exhibit: ex5-5.htm | 0000950157-26-001081 |
| Exhibit: ex5-4.htm | 0000950157-26-001081 |
| Exhibit: ex5-1.htm | 0000950157-26-001081 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 6-K | $142.81 $145.92 | ▲ +2.18% | ▲ +2.45% | $147.88 (+3.55%) |
Oct 5, 2026 22d ago | Press Release | $143.29 $146.20 | ▲ +2.03% | ▲ +1.61% | $147.88 (+3.20%) |
Oct 5, 2026 22d ago | Press Release | $143.29 $146.20 | ▲ +2.03% | ▲ +1.61% | $147.88 (+3.20%) |
Sep 16, 2026 5w ago | 6-K | $142.21 $144.76 | ▲ +1.79% | ▼ −0.77% | $147.88 (+3.99%) |
Jul 29, 2026 12w ago | Press Release | $148.63 $155.13 | ▲ +4.37% | ▼ −1.16% | $147.88 (−0.50%) |
Jul 29, 2026 12w ago | 6-K | $148.63 $155.13 | ▲ +4.37% | ▼ −1.16% | $147.88 (−0.50%) |
Jul 3, 2026 16w ago | Press Release | $147.84 $151.03 | ▲ +2.16% | ▲ +1.23% | $147.88 (+0.03%) |
Jul 3, 2026 16w ago | Press Release | $147.84 $151.03 | ▲ +2.16% | ▲ +1.23% | $147.88 (+0.03%) |
Jun 29, 2026 17w ago | 6-K | $145.78 $153.45 | ▲ +5.26% | ▲ +4.66% | $147.88 (+1.44%) |
May 8, 2026 24w ago | Insider Cluster | $145.82 $139.79 | ▼ −4.13% | ▼ −4.05% | $147.88 (+1.42%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers