The source records describe two distinct senior unsecured debt offerings announced on Sept. 23, 2026, rather than one shared transaction. AIR Limited, a wholly owned subsidiary of AIR Global PLC (Nasdaq: AIIR), priced $425 million of 7.875% senior unsecured notes due 2031, while AerCap Funding Designated Activity Company, a wholly owned subsidiary of AerCap Holdings N.V., priced $1.5 billion of senior notes comprising $750 million of 5.500% notes due 2030 and $750 million of 5.875% notes due 2033. AIR expects to use proceeds to repay amounts under its term loan and revolving credit facilities and for general corporate purposes, with settlement expected on or around Oct. 1, 2026, subject to customary closing conditions. AerCap plans to use net proceeds for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness. AIR and certain issuer subsidiaries will guarantee AIR’s notes on a senior basis, while AerCap Holdings and certain other subsidiaries will fully and unconditionally guarantee AerCap’s notes on a senior unsecured basis. Both companies cautioned that forward-looking statements are subject to risks and uncertainties.