AIG Prices Remaining ~10.677M Ordinary Shares of AerCap Holdings for Net Cash Proceeds of $500M

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American International Group, Inc.
AIG
announced today that it has priced the sale of 10,677,702 ordinary shares of AerCap Holdings N.V.
AER
by means of an underwritten public offering. Closing of this transaction is scheduled for August 24, 2015 and is subject to customary closing conditions. AIG will receive net cash proceeds of approximately $500 million. After the closing of the sale, AIG will not own any ordinary shares of AerCap. "The sale of our remaining ordinary shares of AerCap marks a further step in our efforts to enhance intrinsic value," said Peter D. Hancock, President and Chief Executive Officer, AIG. "It adds to AIG's financial flexibility and provides us with an opportunity to maximize shareholder
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