AerCap has priced a secondary offering of 26,721,633 of its ordinary shares by GE Capital US Holdings, at a price to the public of $65.25 per ordinary share. A 30‑day option to purchase up to 4,008,245 additional ordinary shares has also been secured. If the underwriters exercise the option in full, General Electric will cease to beneficially own any of AerCap's ordinary shares.
AerCap will not receive any proceeds from the sale of the ordinary shares. As part of the Secondary Offering, AerCap will repurchase 7,859,163 of its ordinary shares from the underwriters at a price per ordinary share equal to $63.62.
Goldman Sachs, Citigroup, Deutsche Bank, BNP Paribas, BofA Securities, JPMorgan, Credit Agricole CIB, Mizuho, MUFG and Société Générale are acting as joint bookrunners, while BBVA, ING, UniCredit Capital Markets, Santander, Academy Securities, R. Seelaus and Siebert Williams Shank are acting as co-managers.