Macquarie AirFinance has announced the closing of $500 million in senior unsecured notes due in 2028


Macquarie AirFinance Holdings Limited the Company announced today the completion of its private offering of $500 million aggregate principal amount of 8.375% Senior Notes due 2028 the Notes. The Notes are initially jointly and severally guaranteed each, a Guarantee by each of the Company’s direct and indirect subsidiaries, except the Macquarie AirFinance group’s servicing entities and each secured group subsidiary as defined under the Company’s existing unsecured credit facility.

The net proceeds from the issuance of the Notes will be used to prepay a portion of the outstanding principal amount of the Company’s existing debt, which is mostly secured debt.We are very pleased with the strong response to our inaugural senior unsecured note offering, said Michael Sims, Chief Financial Officer of the Macquarie AirFinance business. This significant strategic deal provides us with more finance diversification as we migrate to a primarily unsecured capital structure.

Macquarie AirFinance, a 2006-founded aircraft lessor, supplies aircraft and finance to the world’s airlines. Through locations in North America, Europe, and Asia, the corporation owns and rents commercial jet aircraft around the world. Macquarie Asset Management owns 50% of Macquarie AirFinance, PGGM Infrastructure Fund 25%, and Australia Retirement Trust 25%.

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