Conyers Dill & Pearman advised AerCap Holdings N.V. (“AerCap”, NYSE: AER) in connection with an amendment and upsize of its revolving warehouse facility, which completed on 10 May 2013, to US$1.1 billion, with an extension until June 2018. Conyers advised AerCap in connection with the original facility which was put in place in 2006.
Credit Suisse AG acted as Lead Arranger and Structuring Agent on the transaction. Bank of America Merrill Lynch and RBC Capital Markets acted as Joint Lead Arrangers. Nomura and Citi acted as Documentation Agents, with the syndicate also including Scotiabank, BNP Paribas, ING Bank and Everbank Commercial Finance.
Conyers worked alongside Milbank, Tweed, Hadley & McCloy LLP representing AerCap. Vedder Price represented the lenders.
AerCap is one of the world’s leading aircraft leasing companies and has one of the youngest fleets in the industry. AerCap has US$10 billion of assets and a fleet of 341 aircraft.
Conyers’ Jason Piney, from the Firm’s Bermuda office, advised on the matter.