London, 18 April 2023
Macquarie AirFinance Holdings Limited (the “Company”) announced today the closing of its sale of $500 million aggregate principal amount of 8.375% Senior Notes due 2028 (the “Notes”) to investors in a private offering. The Notes are initially jointly and severally guaranteed (each, a “Guarantee”) by each of the Company’s direct and indirect subsidiaries, other than the servicing entities of the Macquarie AirFinance group and each secured group subsidiary as defined under the Company’s existing unsecured credit facility.
The Company plans to use the net proceeds from the sale of the Notes to prepay a portion of the outstanding principal amount of the Company’s existing debt, consisting predominantly of secured debt.
Michael Sims, Chief Financial Officer of the Macquarie AirFinance group, stated, “We are very pleased with the strong response to our inaugural senior unsecured note offering. This important strategic transaction provides additional diversification in our funding as well as continued momentum as we transition to a predominantly unsecured capital structure.”
Macquarie AirFinance, an aircraft lessor founded in 2006, provides aircraft and capital to the world’s airlines. The company owns and leases commercial jet aircraft internationally through offices in North America, Europe and Asia. Macquarie AirFinance is owned by Macquarie Asset Management (50%), PGGM Infrastructure Fund (25%) and Australia Retirement Trust (25%).