|Monday, 20 August 2012, 21:20 HKT|
Source: AerCap Holdings
Amsterdam, Aug 20, 2012 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap," "the Company," NYSE: AER) purchased 10 million ordinary shares in AerCap held by Cerberus Capital Management, L.P. through its affiliate, Fern S.a.r.l. in a privately negotiated transaction today. The aggregate purchase price for 10 million ordinary shares is $120 million which represented a discount of $0.09 per share from the $12.09 closing price of the ordinary shares on the New York Stock Exchange on Friday, August 17, 2012. After this transaction, Cerberus remains a holder of more than 10% of AerCap's outstanding ordinary shares.
This purchase is in addition to the previously announced repurchase program pursuant to which AerCap may purchase up to $200 million of its ordinary shares prior to June 30, 2013. As of August 20, 2012, up to approximately $104 million in additional shares may be purchased under this program.
AerCap is the world's leading independent aircraft leasing company and has one of the youngest fleets in the industry. AerCap is a New York Stock Exchange-listed company (AER) headquartered in The Netherlands with offices in Ireland, the United States, China, Singapore and the United Arab Emirates. www.aercap.com
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AerCap Purchases Cerberus Shares Aug 2012
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Source: AerCap Holdings N.V. via Thomson Reuters ONE
Aug 20, 2012
Topic: Press release summary
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