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AerCap closes $700M secured credit facility

has closed a new$700 million secured credit facility.

The facility was signed tofinance a portfolio of 13 aircraft and will mature in 2022.

AIB Corporate Banking, Bankof Ireland Corporate Banking, Commonwealth Bank of Australia, Crédit Industrielet Commercial, DekaBank Deutsche Girozentrale, Development Bank of Japan Inc.,HSBC, KFW IPEX-Bank GmbH, MUFG, National Australia Bank and Sumitomo MitsuiTrust Bank acted as mandated lead arrangers on the transaction.

The company has closed $2.8billion worth of financing transactions so far in 2016.