HSH Nordbank closes a Pre Delivery financing covering 10 Airbus A330 for AerCap
Hamburg/Kiel, July 2, 2009 - HSH Nordbank has closed a PDP financing for AerCap Holdings N.V. covering 10 Airbus A330.This transaction, which serves to provide advance financing during construction of the aircraft, is worth approximately USD 221 million.
HSH Nordbank is the sole arranger and underwriter of the facility. The aircraft are to be delivered between 2009 and 2012 and will be leased to several aviation companies. “After a USD 270 million PDP financing for AerVenture in 2008, HSH Nordbank’s continues it’s large number of successful transactions for the group with this deal. We are particularly pleased to have assisted this key client in financing all their remaining Airbus PDP needs despite the difficult market environment”, says Angela Behrend-Görnemann, Head of Global Aviation at HSH Nordbank.
AerCap Holdings N.V., headquartered in the Netherlands, is a NYSE listed, integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.
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