Macquarie AirFinance Holdings Limited (the "Company") announced today that it has received a second investment grade rating and priced $500 million aggregate principal amount of 5.150% Senior Notes due 2030 (the "Notes") in a private offering. The Notes are expected to be issued on 17 September, 2024, subject to customary closing conditions. As of the issuance date of the Notes, the Notes will be obligations solely of the Company and will not be guaranteed by any of its subsidiaries.
S&P Global Ratings ("S&P") upgraded the Company to an investment grade rating of BBB- (stable) on announcement of the transaction. This is the Company's second investment grade rating, having been assigned a Baa3 (stable) issuer rating by Moody's Ratings ("Moody's") earlier this year.
