AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, both fully-owned subsidiaries of AerCap Holdings N.V. (referred to as “AerCap” or “the Company”), have announced the pricing of a $500 million offering of Fixed-Rate Reset Junior Subordinated Notes due 2056 (the “Notes”). The Notes will carry an initial interest rate of 6.500% per year, subject to reset every five years starting on January 31, 2031, based on the five-year U.S. Treasury rate plus a spread of 2.441%. These Notes are fully and unconditionally guaranteed on an unsecured junior subordinated basis by AerCap and its selected subsidiaries.

The net proceeds from this issuance are intended to be used for general corporate purposes, including potentially redeeming all or part of the outstanding Fixed-to-Floating Rate Junior Subordinated Notes due 2045 (the “2045 Junior Subordinated Notes”) issued by AerCap Global Aviation Trust on the first redemption date, June 16, 2025. This press release does not serve as a formal notice of redemption for the 2045 Junior Subordinated Notes.

Mizuho, BofA Securities, MUFG, and Truist Securities are acting as joint book-running managers for the public offering.

AerCap has filed a registration statement, including a prospectus, on Form F-3 with the U.S. Securities and Exchange Commission (SEC) regarding the offering. The registration statement became effective upon filing on October 18, 2024. Investors are encouraged to review the accompanying prospectus dated October 18, 2024, the preliminary prospectus supplement dated March 25, 2025, and other documents filed by the Company with the SEC for further details about AerCap and this offering.

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