AIG Announces Pricing of the Sale of Its Remaining Ordinary Shares of AerCap Holdings N.V.
August 18 2015 - 8:32PM
Business Wire
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 value – whether through continued balance
sheet optimization and capital management, organic growth
investment, or inorganic acquisitions that help us meet our
customers’ needs.”
AerCap has filed a registration statement (including a
prospectus) on Form F-3 with the SEC for the underwritten offering
to which this communication relates. The registration statement was
declared effective on March 31, 2015. Investors should read the
accompanying prospectus dated March 31, 2015, the preliminary
prospectus supplement dated August 18, 2015 and other documents
AerCap has filed with the SEC for more complete information about
AerCap and this offering. These documents may be obtained for free
by visiting EDGAR on the SEC's website at www.sec.gov.
Alternatively, copies of the prospectus supplement and
accompanying base prospectus relating to the offering, when
available, may be obtained from: Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
via telephone: 800-831-9146; and Goldman Sachs & Co.,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, via telephone: 1-866-471-2526 or via email:
prospectus-ny@ny.email.gs.com.
Certain statements in this press release, including the closing
of the transaction described herein, constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which,
by their nature, are inherently uncertain and outside AIG’s
control. It is possible that actual results will differ, possibly
materially, from the anticipated results indicated in these
statements. Factors that could cause actual results to differ,
possibly materially, from those in the forward-looking statements
are discussed throughout AIG’s periodic filings with the SEC
pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive
worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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version on businesswire.com: http://www.businesswire.com/news/home/20150818006662/en/
American International Group, Inc.Media:Matthew Gallagher,
212-458-3247matthew.gallagher2@aig.comorInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.com
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