<SEC-DOCUMENT>0000950157-24-001160.txt : 20240903
<SEC-HEADER>0000950157-24-001160.hdr.sgml : 20240903
<ACCEPTANCE-DATETIME>20240903171823
ACCESSION NUMBER:		0000950157-24-001160
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240903
DATE AS OF CHANGE:		20240903

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		ORGANIZATION NAME:           	07 Trade & Services
		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:		241275070

	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]
		ORGANIZATION NAME:           	07 Trade & Services
		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 September 3, 2024</div>
            <div>&#160;</div>
          </td>
          <td style="width: 59.06%; vertical-align: top;">
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Issuer Free Writing Prospectus</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Filed Pursuant to Rule 433</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Registration Statement No. 333-260359</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Supplementing the Preliminary Prospectus</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Supplement, dated September 3, 2024, and</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; 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</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;">$1,300,000,000 4.625% Senior Notes due 2029</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">$1,100,000,000 4.950% Senior Notes due 2034</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Guaranteed by:<br>
      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 September 3, 2024 (this &#8220;Pricing Supplement&#8221;), to the Preliminary Prospectus Supplement, dated September 3, 2024 (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" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z59e25b36e3ec4760ae6d62e139043183">

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          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Issuers:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; 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: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Notes Offered:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">4.625% Senior Notes due 2029 (the &#8220;2029 Notes&#8221;)<br>
              4.950% Senior Notes due 2034 (the &#8220;2034 Notes&#8221; and, together with the 2029 Notes, the &#8220;Notes&#8221;)</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
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          <td style="width: 32.46%; 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: 67.54%; vertical-align: top;">
            <div style="color: #000000;">Baa1 / BBB+ / BBB (Moody&#8217;s / S&amp;P / Fitch)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Distribution:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">September 3, 2024</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">September 10, 2024 (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 10, 2024, 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 one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers
              who wish to trade the Notes prior to the first 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 first business day before the date of delivery should consult their advisors.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: $1,300,000,000<br>
              2034 Notes: $1,100,000,000</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Maturity Date:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: September 10, 2029<br>
              2034 Notes: September 10, 2034</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: 4.625%<br>
              2034 Notes: 4.950%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Issue Price to Public:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">2029 Notes: 99.414% of the principal amount<br>
              2034 Notes: 98.437% 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&#160;10, 2024</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Gross Proceeds:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: $1,292,382,000<br>
              2034 Notes: $1,082,807,000</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: UST 3.625% due August 31, 2029<br>
              2034 Notes: UST 3.875% due August 15, 2034</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
      <hr align="left" noshade="noshade" 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>
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        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Price:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div>2029 Notes: 99-27&#188;<br>
              2034 Notes: 100-06</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;"><br>
              Benchmark Treasury Yield:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;"><br>
              2029 Notes: 3.658%<br>
              2034 Notes: 3.852%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: middle;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: middle;">
            <div style="color: #000000;">2029 Notes: +110 basis points<br>
              2034 Notes: +130 basis points</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Yield to Maturity:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: 4.758%<br>
              2034 Notes: 5.152%</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: March 10 and September 10, beginning on March 10, 2025<br>
              2034 Notes: March 10 and September 10, beginning on March 10, 2025</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">Optional Redemption:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">2029 Notes: Following issuance and prior to August 10, 2029, make-whole call at T+20 basis points.&#160; At any time on or after August 10, 2029, par call.</div>
            <div style="margin-right: 25.2pt; color: #000000;">2034 Notes: Following issuance and prior to June 10, 2034 make-whole call at T+20 basis points.&#160; At any time on or after June 10, 2034, par call.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.46%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Optional Tax Redemption:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; 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: 32.46%; vertical-align: top;">
            <div style="color: #000000;">CUSIP / ISIN:</div>
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 67.54%; vertical-align: top;">
            <div style="color: #000000;">2029 Notes: 00774MBL8 / US00774MBL81<br>
              2034 Notes: 00774MBM6 / US00774MBM64<br>
            </div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="width: 100%; vertical-align: top; font-weight: bold;">
            <div style="text-align: center;"><u>Other Information </u></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 32.64%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 67.25%; vertical-align: top; text-align: center; font-weight: bold;"><br>
          </td>
          <td rowspan="1" style="width: 0.11%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.25%; vertical-align: top;">
            <div style="color: #000000;">$150,000 and integral multiples of $1,000 in excess thereof</div>
            <div>&#160;</div>
          </td>
          <td style="width: 0.11%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67.25%; 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;">RBC Capital Markets, LLC<br>
              Wells Fargo Securities, LLC</div>
            <div style="color: #000000;">BofA Securities, Inc.</div>
            <div style="color: #000000;">HSBC Securities (USA) Inc.</div>
            <div style="color: #000000;">Fifth Third Securities, Inc.</div>
            <div style="color: #000000;">SG Americas Securities, LLC</div>
            <div style="color: #000000;">BNP Paribas Securities Corp.</div>
            <div style="color: #000000;">Credit Agricole Securities (USA) Inc.</div>
            <div style="color: #000000;">Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">TD Securities (USA) LLC</div>
            <div style="color: #000000;">Truist Securities, Inc.</div>
            <div style="color: #000000;">ING Financial Markets LLC</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="color: #000000;">
              <hr align="left" noshade="noshade" 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: 20%; color: #000000;">
            </div>
          </td>
          <td style="width: 0.11%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <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><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>WWW.SEC.GOV<font style="color: #000000;">. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS BY CALLING RBC CAPITAL MARKETS, LLC TOLL-FREE AT +1 (866) 375-6829, WELLS FARGO SECURITIES, LLC
        TOLL-FREE AT +1 (800) 645-3751, BOFA SECURITIES, INC. TOLL-FREE AT +1 (800) 294-1322, HSBC SECURITIES (USA) INC. TOLL-FREE AT +1 (866) 811-8049, FIFTH THIRD SECURITIES, INC. TOLL-FREE AT +1 (866) 531-5353 OR SG AMERICAS SECURITIES, LLC TOLL-FREE AT
        +1 (855) 881-2108.</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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