Macquarie AirFinance Holdings Limited (the "Company") announced today that it has priced $500 million aggregate principal amount of its 6.400% Senior Notes due 2029 and $500 million aggregate principal amount of its 6.500% Senior Notes due 2031 (together, the "Notes") in a private offering. The Notes are expected to be issued on 26 March, 2024, subject to customary closing conditions.
The Notes will be 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.
Moody's Ratings ("Moody's") has assigned a Baa3 (stable) issuer rating to the Company and has also assigned a Baa3 (stable) senior unsecured rating to the Notes. S&P revised their outlook on the Company to positive from stable and affirmed the Company's BB+ rating.
