<SEC-DOCUMENT>0000950157-23-000963.txt : 20230918
<SEC-HEADER>0000950157-23-000963.hdr.sgml : 20230918
<ACCEPTANCE-DATETIME>20230918171757
ACCESSION NUMBER:		0000950157-23-000963
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230918
DATE AS OF CHANGE:		20230918

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:		231261873

	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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            <div style="margin-left: 5.4pt; color: #000000; font-weight: bold;">PRICING SUPPLEMENT<br>
              Dated September 18, 2023</div>
            <div>&#160;</div>
          </td>
          <td style="width: 59.06%; vertical-align: top;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Issuer Free Writing Prospectus<br>
              Filed Pursuant to Rule 433<br>
              Registration Statement No. 333-260359</div>
            <div style="color: #000000; font-weight: bold;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Supplementing the Preliminary Prospectus</div>
              <div style="color: #000000; font-weight: bold;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Supplement, dated September 18, 2023 and</div>
                <div style="color: #000000; font-weight: bold;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">the Base Prospectus, dated October 19, 2021</div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Ireland Capital Designated Activity Company<br>
      AerCap Global Aviation Trust</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold; color: #000000;">$900,000,000 6.100% Senior Notes due 2027</font><br>
      <font style="font-weight: bold; color: #000000;">$850,000,000 6.150% Senior Notes due 2030</font><br>
      <br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Guaranteed by:<br>
      AerCap Holdings N.V.</div>
    <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <br>
    <div style="margin-right: 7.2pt; color: #000000;">Pricing supplement, dated September 18, 2023 (this &#8220;Pricing Supplement&#8221;) to the Preliminary Prospectus Supplement, dated September 18, 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>
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          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Issuers:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; 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: 25%; vertical-align: top;">
            <div style="color: #000000;">Notes Offered:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div>
              <div style="color: #000000;">6.100% Senior Notes due 2027 (the &#8220;2027 Notes&#8221;)<br>
                6.150% Senior Notes due 2030 (the &#8220;2030 Notes&#8221; and, together with the 2027 Notes, the &#8220;Notes&#8221;)</div>
            </div>
          </td>
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          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Ratings<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; 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: 25%; vertical-align: top;">
            <div style="color: #000000;">Distribution:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">September 18, 2023</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">September 25, 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 September 25, 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>
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          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">2027 Notes: $<font style="font-weight: normal; color: rgb(0, 0, 0);">900,000,000</font><br>
              2030 Notes: $<font style="font-weight: normal; color: rgb(0, 0, 0);">850,000,000</font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Maturity Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">
              <div style="color: #000000;">2027 Notes: January 15, 2027<br>
                2030 Notes: September 30, 2030</div>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">2027 Notes: 6.100%<br>
              2030 Notes: 6.150%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Issue Price to Public:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">2027 Notes: 99.540% of the principal amount<br>
              2030 Notes: 99.371% of the principal amount</div>
            <div>&#160;</div>
            <div style="margin-right: 10.8pt; color: #000000;">In each case, plus accrued interest, if any, from September 25, 2023</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000;">Gross Proceeds:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="color: #000000;">2027 Notes: $895,860,000<br>
              2030 Notes: $844,653,500</div>
          </td>
        </tr>

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    <br>
    <br>
    <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
    <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> <br>
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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: 24.92%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">2027 Notes: UST 4.625% due September 2026<br>
              2030 Notes: UST 4.125% due August 2030<br>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Price:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">2027 Notes: 99-21&#190;<br>
              2030 Notes: 98-09+<br>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">2027 Notes: 4.741%<br>
              2030 Notes: 4.412%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; 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;">2027 Notes: +150 basis points<br>
              2030 Notes: +185 basis points</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="color: #000000;">Yield to Maturity:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">2027 Notes: 6.241%<br>
              2030 Notes: 6.262%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">2027 Notes: January 15 and July 15, beginning on July 15, 2024<br>
              2030 Notes: March 30 and September 30, beginning on March 30, 2024</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; 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;">2027 Notes: Following issuance and prior to December 15, 2026, make-whole call at T+25 basis points.&#160; At any time on or after December 15, 2026, par call.</div>
            <div style="margin-right: 25.2pt; color: #000000;">2030 Notes: Following issuance and prior to July 30, 2030, make-whole call at T+30 basis points.&#160; At any time on or after July 30, 2030, par call.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Optional Tax Redemption:</div>
            <div>&#160;</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>
        <tr>
          <td style="width: 24.92%; vertical-align: top;">
            <div style="color: #000000;">CUSIP / ISIN:</div>
            <div>&#160;</div>
          </td>
          <td style="vertical-align: top;">
            <div style="color: #000000;">
              <div><font style="color: #000000;">2027 Notes: 00774MBD6 / US00774MBD65</font><br>
                <font style="color: #000000;">2030 Notes: </font>00774MBE4 <font style="color: #000000;">/ US00774MBE49</font></div>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.92%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" rowspan="1">
            <div style="margin-left: 27pt; font-weight: bold;"><u>Other Information</u></div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 74.86%; 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="vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 74.86%; vertical-align: top;">
            <div style="color: #000000;"><font style="font-style: italic;">Joint</font> <font style="font-style: italic;">Active Book-Running Managers</font>:</div>
            <div>&#160;</div>
            <div><font style="color: #000000;"><font style="color: #000000;">BNP Paribas Securities Corp.</font></font></div>
            <div><font style="color: #000000;"><font style="color: #000000;">BofA Securities, Inc.</font></font></div>
            <div><font style="color: #000000;"><font style="color: #000000;"></font>J.P. Morgan Securities LLC<br>
                Mizuho Securities USA LLC<br>
                Santander US Capital Markets LLC<br>
              </font>&#160;</div>
            <div>&#160;</div>
            <div style="color: #000000;"><font style="font-style: italic;">Joint Passive Book-Running Managers</font>:</div>
            <div>&#160;</div>
            <div style="color: #000000;">
              <div style="color: #000000;">Citizens JMP Securities, LLC<br>
                KeyBanc Capital Markets Inc.<br>
                Regions Securities LLC<br>
                Scotia Capital (USA) Inc.<br>
                TD Securities (USA) LLC</div>
              <div>&#160;</div>
            </div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="color: #000000;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;">
              <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">3</font></div>
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    <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><font style="color: #000000;">. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS BY CALLING BNP PARIBAS SECURITIES CORP. TOLL-FREE AT (800) 854-5674, <font style="color: #000000;">BOFA SECURITIES, INC. TOLL-FREE AT (800) 294-1322, J.P. MORGAN SECURITIES LLC COLLECT AT (212) 834-4533, </font>MIZUHO SECURITIES USA LLC TOLL-FREE AT (866) 271-7403 OR SANTANDER US CAPITAL MARKETS LLC TOLL-FREE AT (855) 403-3636.</font></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>
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