AerCap has completed the secondary public offering of 46,782,000 of its ordinary shares by GE Capital US Holdings, a wholly owned subsidiary of General Electric Company, at a price to the public of $59.00 per ordinary share. The option to purchase up to an additional 6,102,000 ordinary shares was exercised in full by the underwriters.
As part of the secondary offering, AerCap purchased 17,543,250 ordinary shares from the underwriters, including 2,288,250 ordinary shares purchased in connection with the underwriters' exercise of the option, at a price per ordinary share equal to $57.53. AerCap will not receive any proceeds from the offering.
Goldman Sachs, Citigroup, Barclays, BofA Securities, JPMorgan, BNP Paribas, Deutsche Bank, Evercore ISI, HSBC and SMBC Nikko acted as joint bookrunners for the secondary offering. Commerzbank, PNC Capital Markets, TD Securities, Blaylock Van, Independence Point Securities and Mischler Financial Group acted as co-managers.