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

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American International Group, Inc. (NYSE: AIG) announced today that it
has priced the sale of 10,677,702 ordinary shares of AerCap Holdings
N.V. (NYSE: 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

See full press release

Posted-In: News Offerings Press Releases

 

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