Fitch Ratings expects to assign a BBB(EXP) rating to the $600 million senior secured term loan issued by Delos Aircraft Designated Activity Company (Delos), an indirect, wholly-owned subsidiary of AerCap. Proceeds from the issuance will be used for general corporate purposes, including the refinancing of the existing senior secured term loan issued by Delos Finance. Delos’ senior secured term loan rating is equalized with AerCap’s BBB Long-Term Issuer Default Rating (IDR) given the joint and several guarantee by AerCap, AerCap Ireland, and related affiliates. The term loan is secured by a first-priority lien on Delos’ equity interests, and in its