AerCap Holdings N.V. Announces Share Repurchase
(Thomson Reuters ONE) -
Amsterdam, Netherlands; June 1, 2015 - AerCap Holdings N.V. (NYSE: AER; "AerCap"
or "the Company") today announced that it has reached an agreement with American
International Group, Inc. ("AIG" or the "selling shareholder"), the beneficial
owner of 46% of AerCap's ordinary shares outstanding as of March 31, 2015, to
repurchase $750 million of the Company's ordinary shares at a price per share
equal to the price per share being paid by the underwriters to the selling
shareholder in the previously announced secondary offering of AerCap ordinary
shares by AIG, subject to certain adjustments and limitations. Consideration
for the share repurchase will consist of the issuance of $500 million of junior
subordinated notes to AIG and $250 million of cash on hand. The closing of the
share repurchase transaction is contingent on all conditions precedent to the
closing of the previously announced secondary offering and certain other
customary conditions. The Company expects the closing of the share repurchase
to occur immediately prior to the closing of the secondary offering. The
closing of the secondary offering is not contingent on the closing of the share
repurchase.
Pursuant to the share repurchase agreement, AerCap Global Aviation Trust, a
wholly-owned subsidiary of AerCap (the "Issuer"), will issue to AIG $500 million
in junior subordinated notes due 2045 (the "Notes"). The 30 year Notes will
initially accrue interest at a fixed interest rate for a period of ten years
whereupon the Notes will convert to a floating rate. The Issuer will have the
right to defer any interest payment on the Notes for up to five consecutive
years per deferral period. The Notes will be guaranteed by AerCap Holdings N.V.
and certain of its subsidiaries.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the Company's ordinary shares or any other securities, nor shall
there be any offer, solicitation or sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.
About AerCap Holdings N.V.
AerCap is the global leader in aircraft leasing with approximately 1,640 owned,
managed or on order aircraft in its portfolio. AerCap has one of the most
attractive order books in the industry. AerCap serves over 200 customers in
approximately 90 countries with comprehensive fleet solutions and provides part-
out and engine leasing services through its subsidiary, AeroTurbine. AerCap is
listed on the New York Stock Exchange (AER) and has its headquarters in
Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami,
Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
Forward Looking Statements
This press release contains certain statements, estimates and forecasts with
respect to future performance and events. These statements, estimates and
forecasts are "forward-looking statements". In some cases, forward-looking
statements can be identified by the use of forward-looking terminology such as
"may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate,"
"believe," "predict," "potential" or "continue" or the negatives thereof or
variations thereon or similar terminology. All statements other than statements
of historical fact included in this press release are forward-looking statements
and are based on various underlying assumptions and expectations and are subject
to known and unknown risks, uncertainties and assumptions, may include
projections of our future financial performance based on our growth strategies
and anticipated trends in our business. These statements are only predictions
based on our current expectations and projections about future events. There are
important factors that could cause our actual results, level of activity
performance or achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied in the forward-
looking statements. As a result, there can be no assurance that the forward-
looking statements included in this press release will prove to be accurate or
correct. In light of these risks, uncertainties and assumptions, the future
performance or events described in the forward-looking statements in this press
release might not occur. Accordingly, you should not rely upon forward-looking
statements as a prediction of actual results and we do not assume any
responsibility for the accuracy or completeness of any of these forward-looking
statements. We do not undertake any obligation to, and will not, update any
forward-looking statements, whether as a result of new information, future
events or otherwise.
For more information regarding AerCap and to be added to our email distribution
list, please visit http://www.aercap.com.
For Investors:
Keith Helming
Chief Financial Officer
+31 20 655 9670
khelming(at)aercap.com
John Wikoff
Investor Relations
+31 6 3169 9430
jwikoff(at)aercap.com
For Media:
Frauke Oberdieck
Corporate Communications
+31 20 655 9616
foberdieck(at)aercap.com
AerCap Share Repurchase June 2015:
http://hugin.info/149317/R/1925552/690897.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AerCap Holdings N.V. via GlobeNewswire
[HUG#1925552]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2015 - 23:03 Uhr
Sprache: Deutsch
News-ID 397399
Anzahl Zeichen: 6619
contact information:
Town:
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Kategorie:
Business News
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