Street Calls of the Week
DUBLIN - Aircraft leasing giant AerCap Holdings N.V. (NYSE:AER), currently trading near its 52-week high at $122.36, announced Monday it has priced an offering of $1.2 billion in senior notes through its wholly-owned subsidiaries. According to InvestingPro data, the company maintains a GOOD financial health score despite operating with significant debt.
The offering consists of $600 million in 4.375% Senior Notes due 2030 and $600 million in 5.000% Senior Notes due 2035, according to a company press release. The notes will be fully guaranteed on a senior unsecured basis by AerCap and certain other subsidiaries. With a total debt of $46.25 billion and a current ratio of 1.39, the company maintains substantial leverage while managing healthy liquidity levels.
AerCap indicated the net proceeds will be used for general corporate purposes, including aircraft asset acquisition, investment, financing or refinancing, and debt repayment.
Morgan Stanley, Santander, BNP PARIBAS, BMO Capital Markets, ING and NatWest are serving as joint book-running managers for the underwritten public offering.
The Dublin-based company filed a registration statement with the U.S. Securities and Exchange Commission for the offering, which automatically became effective upon filing on October 18, 2024.
AerCap describes itself as the global leader in aviation leasing with a customer base of approximately 300 clients worldwide. The company is listed on the New York Stock Exchange (NYSE:AER) and maintains offices across multiple global locations including Dublin, Shannon, Memphis, Singapore, and Dubai. With an impressive gross profit margin of 58.63% and trading at a P/E ratio of 7.68, AerCap demonstrates strong operational efficiency. Discover more detailed financial analysis and 12 additional exclusive insights with InvestingPro.
In other recent news, AerCap Holdings NV reported its Q2 2025 earnings, showing a mixed financial performance. The company achieved an adjusted earnings per share of $2.83, slightly above the anticipated $2.81. However, revenue did not meet expectations, totaling $1.89 billion compared to the forecasted $2.03 billion. In addition to financial results, AerCap completed a significant milestone by delivering the first two Boeing 777-300ERSF passenger-to-freighter converted aircraft to Kalitta Air. These deliveries are part of a larger order of seven aircraft and mark the conclusion of a program initiated in 2019. The aircraft arrived at Kalitta’s facility in Oscoda, Michigan, earlier this month. These developments reflect the company’s ongoing operations and strategic initiatives.
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