Macquarie AirFinance upsizes and extends its unsecured revolving credit facility to $1.895 billion expiring on 31 July 2028

Macquarie AirFinance Holdings Limited (the “Company”), a global aircraft leasing company, announced today that on 30 August 2024, it extended and upsized its unsecured revolving credit facility (the “RCF”). As part of the amendment and restatement, the Company increased the total RCF commitments from $950 million to $1.895 billion, extended the maturity date by two years to 31 July 2028, and welcomed five new lenders to the facility. The successful initiative bolsters the Company’s liquidity position and will allow the company to capitalize on new growth opportunities, while continuing to meet the needs of its airline customers for both narrowbody and widebody aircraft.

Michael Sims, Chief Financial Officer of Macquarie AirFinance, commented, “We are pleased to extend and upsize our RCF. This strategic transaction underscores the confidence our financial partners have in our business model and growth strategy and supports our investment grade ratings, which remain a key focus for the business. We are thankful to have the support of our valued bank group.”

The RCF is supported by a syndicate of leading global banks, including Bank of Montreal, BNP Paribas Securities Corp, Citibank, N.A., Credit Agricole Corporate & Investment Bank, DBS Bank Ltd., Fifth Third Bank, N.A., ING Bank N.V., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., MUFG Bank Ltd., Natixis, Sumitomo Mitsui Banking Corporation, and Westpac Banking Corporation. The RCF will be used for general corporate purposes, including the acquisition of additional aircraft and the refinancing of existing debt.  

About Macquarie AirFinance 

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%).

No offer or solicitation

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, any securities in any jurisdiction in contravention of applicable law.  Any offer of the Notes and the Guarantees will be made only by means of a private offering memorandum.

The Notes and the Guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. The Notes and the Guarantees are being offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.