AerCap announces completion of secondary share offering

admin
By admin June 10, 2015 14:32

AerCap announces completion of secondary share offering

AerCap announced the completion of the secondary public offering of 71,184,686 of its ordinary shares by American International Group at a price to the public of $49.00 per ordinary share. In connection with the underwritten offering, the Selling Shareholder also granted the underwriters a 30-day option to purchase up to an additional 10,677,702 ordinary shares. AerCap will not receive any proceeds from the sale of the ordinary shares.  AerCap also completed its previously announced repurchase of 15,698,588 of its ordinary shares from the Selling Shareholder for $750 million.

Citigroup and Goldman Sachs are serving as global coordinators and joint book running managers, and JPMorgan, Morgan Stanley and UBS Investment Bank are serving as joint book running managers for the underwritten offering.

A full analysis of this deal is included in the most recent issue of Airline Economics – click here to access the digital version.

admin
By admin June 10, 2015 14:32