Market Overview

AerCap Holdings Sells Equity Interest in $1B Aircraft Lease Securitisation

Related AER
UPDATE: AerCap Beats Q4 Expectations, Shares Gain
Earnings Scheduled For February 23, 2015
How AerCap Holdings N.V. (AER) Stock Stands Out in a Strong Industry - Tale of the Tape (Zacks)

AerCap Holdings N.V. (NYSE: AER) today announced that its wholly-owned subsidiary, AerCap Ireland Limited, has signed and completed an agreement with a subsidiary of Guggenheim Partners, LLC ("Guggenheim") under which AerCap has sold its equity interest in Aircraft Lease Securitisation Limited ("ALS") by transferring 100% of its interest in the E-Notes, the equity securities issued by ALS, to Guggenheim. ALS is an asset backed securitisation vehicle with a portfolio of fifty aircraft valued at approximately $1 billion. The portfolio is leased to 26 different airlines.

As part of the agreement, AerCap will continue to service and manage the aircraft portfolio.

Posted-In: News Asset Sales


Related Articles (AER)

Around the Web, We're Loving...

Get Benzinga's Newsletters