<SEC-DOCUMENT>0000950157-23-000589.txt : 20230530
<SEC-HEADER>0000950157-23-000589.hdr.sgml : 20230530
<ACCEPTANCE-DATETIME>20230530170622
ACCESSION NUMBER:		0000950157-23-000589
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230530
DATE AS OF CHANGE:		20230530

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-260359
		FILM NUMBER:		23977556

	BUSINESS ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
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          <td style="width: 40.94%; vertical-align: top;">
            <div style="margin-left: 5.4pt; color: #000000; font-weight: bold;">PRICING SUPPLEMENT<br>
              Dated May 30, 2023</div>
            <div>&#160;</div>
          </td>
          <td style="width: 59.06%; vertical-align: top;">
            <div style="text-align: right; margin-left: 48.6pt; color: #000000; font-weight: bold;">Issuer Free Writing Prospectus<br>
            </div>
            <div style="text-align: right; margin-left: 48.6pt; color: #000000; font-weight: bold;"> Filed Pursuant to Rule 433</div>
            <div style="text-align: right; margin-left: 48.6pt; color: #000000; font-weight: bold;"> Registration Statement No. 333-260359</div>
            <div style="text-align: right; margin-left: 48.6pt; color: #000000; font-weight: bold;"> Supplementing the Preliminary Prospectus </div>
            <div style="text-align: right; margin-left: 48.6pt; color: #000000; font-weight: bold;">&#160;Supplement, dated May 30, 2023 and<br>
              the Base Prospectus, dated October 19, 2021</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Ireland Capital Designated Activity Company</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Global Aviation Trust</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">$1,000,000,000 5.750% Senior Notes due 2028</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Guaranteed by:</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Holdings N.V.</div>
    <div><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">Pricing supplement, dated May 30, 2023 (this &#8220;Pricing Supplement&#8221;) to the Preliminary Prospectus Supplement, dated May 30, 2023 (the &#8220;Preliminary Prospectus Supplement&#8221;), and the related Base
      Prospectus, dated October 19, 2021 (the &#8220;Base Prospectus&#8221; and, together with the Preliminary Prospectus Supplement, including the documents incorporated by reference in the Preliminary Prospectus Supplement and the Base Prospectus, the &#8220;Prospectus&#8221;),
      of AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust.</div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">This Pricing Supplement relates only to the securities described below and should only be read together with the Prospectus. This Pricing Supplement is qualified in its entirety by reference to the
      Prospectus. The information in this Pricing Supplement supplements the Prospectus and supersedes the information in the Prospectus to the extent inconsistent with the information in the Prospectus.</div>
    <div><br>
    </div>
    <div style="margin-right: 21.6pt; color: #000000;">Unless otherwise indicated, terms used but not defined herein have the meanings assigned to such terms in the Prospectus.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z488443a3526e446b88715d1ef2cbe93d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Issuers:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Notes Offered:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">5.750% Senior Notes due 2028 (the &#8220;Notes&#8221;)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Ratings<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">Baa2 / BBB / BBB (Moody&#8217;s / S&amp;P / Fitch)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Distribution:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div> <br>
      </div>
      <div>
        <hr align="left" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> These ratings have been provided by Moody&#8217;s, S&amp;P and Fitch. A securities rating is not a recommendation to buy, sell or hold securities, may be subject to revision or withdrawal at any time and each rating should be evaluated
        independently of any other rating.</div>
    </div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
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        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">May 30, 2023</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">June 6, 2023 (T+5)</div>
            <div>&#160;</div>
            <div style="color: #000000;">We expect that delivery of the Notes will be made to investors on or about June 6, 2023, which will be the fifth business day following the date hereof (such settlement cycle being referred to as &#8220;T+5&#8221;). Under Rule
              15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who
              wish to trade the Notes prior to the second business day before delivery of the Notes hereunder will be required, by virtue of the fact that the Notes will initially settle in T+5, to specify an alternate settlement cycle at the time of any
              such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to the second business day before the date of delivery should consult their advisors.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">$1,000,000,000</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Maturity Date:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">June 6, 2028</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">5.750%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Issue Price to Public:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">99.031% of the principal amount, plus accrued interest, if any, from June 6, 2023</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Gross Proceeds:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">$990,310,000</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">UST 3.625% due May 31, 2028</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Price:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">99-05 &#190;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">3.807%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: middle;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: middle;">
            <div style="color: #000000;">+217 basis points</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Yield to Maturity:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">5.977%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">June 6 and December 6, beginning on December 6, 2023</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">Optional Redemption:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">Following issuance and prior to May 6, 2028, make-whole call at T+35&#160; basis points.&#160; At any time on or after May 6, 2028, par call.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Optional Tax Redemption:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">If the Issuers become obligated to pay any additional amounts as a result of any change in the law of Ireland or certain other relevant taxing jurisdictions that is announced or becomes
              effective on or after the date on which the Notes are issued (or the date the relevant taxing jurisdiction became applicable, if later), the Issuers may redeem the Notes at their option in whole, but not in part, at any time at a price equal
              to 100% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date and additional amounts, if any.</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
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    </div>
    <div><br>
    </div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">CUSIP / ISIN:</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">
              <div>00774M BC8 / US00774MBC82</div>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="margin-left: 9pt">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt">
                  <div style="margin-left: 9pt; font-weight: bold;"><u>Other Information</u></div>
                  <div style="margin-left: 9pt"><u> <br>
                    </u></div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 74.95%; vertical-align: top;">
            <div style="color: #000000;">$150,000 and integral multiples of $1,000 in excess thereof</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.95%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 74.95%; vertical-align: top;">
            <div style="color: #000000;"><font style="font-style: italic;">Joint</font>&#160;<font style="font-style: italic;">Book-Running Managers</font>:</div>
            <div>&#160;</div>
            <div style="color: #000000;">Barclays Capital Inc.<br>
              Credit Agricole Securities (USA) Inc.<br>
              Deutsche Bank Securities Inc.<br>
              RBC Capital Markets, LLC<br>
              Wells Fargo Securities, LLC</div>
            <div style="color: #000000;"> </div>
            <div style="color: #000000;">
              <div>HSBC Securities (USA) Inc.</div>
              <div>MUFG Securities Americas Inc.</div>
              <div>Truist Securities, Inc.</div>
              <div>SG Americas Securities, LLC</div>
              <div>Fifth Third Securities, Inc.</div>
            </div>
            <div>&#160;</div>
            <div style="color: #000000;"><font style="font-style: italic;">Co-Manager</font>:</div>
            <div>&#160;</div>
            <div style="color: #000000;">
              <div>Academy Securities, Inc.</div>
            </div>
            <div>&#160;</div>
            <div><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
            </div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="margin-right: 3.6pt; color: #000000; font-weight: bold;">THIS INFORMATION DOES NOT PURPORT TO BE A COMPLETE DESCRIPTION OF THE SECURITIES OR THIS OFFERING. PLEASE REFER TO THE PROSPECTUS FOR A COMPLETE DESCRIPTION.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><font style="color: #000000;">THE ISSUERS HAVE FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE &#8220;SEC&#8221;) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ
        THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THE ISSUERS HAVE FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUERS AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING THE SEC
        ONLINE DATABASE (EDGAR<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>) AT</font><u> WWW.SEC.GOV</u>. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS BY CALLING BARCLAYS CAPITAL INC. TOLL-FREE AT (888) 603-5847, CREDIT AGRICOLE SECURITIES (USA) INC. TOLL-FREE AT (866)
      807-6030, DEUTSCHE BANK SECURITIES INC. AT (800) 503-4611, OR RBC CAPITAL MARKETS, LLC TOLL-FREE AT (866) 375-6829 OR WELLS FARGO SECURITIES, LLC TOLL-FREE AT (800) 645-3751.<br>
    </div>
    <br>
    <div> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000; font-weight: bold;">THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH
      OFFER OR SOLICITATION IN SUCH JURISDICTION.</div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000; font-weight: bold;">THIS COMMUNICATION IS NOT INTENDED TO BE A CONFIRMATION AS REQUIRED UNDER RULE 10b-10 OF THE SECURITIES EXCHANGE ACT OF 1934. A FORMAL CONFIRMATION WILL BE DELIVERED TO YOU
      SEPARATELY.</div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF
      THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
  <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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