AerCap Holdings N.V.
71,184,686 Secondary Share Offering
AIG sells 73% of its AerCap Holdings stock at $49.00 per share in the third largest secondary offering of 2015
On June 3, 2015, Siebert Brandford Shank served as a junior co-manager on AIG’s secondary offering of 71,184,686 shares of AerCap common stock. The initial offer from AIG was set at 50,000,000 shares. Amid strong investor demand, the offering was upsized to 71,184,686 shares, with a greenshoe option for the underwriters to purchase an additional 10,677,702 shares. The offering ultimately priced at $49.00 per share, a discount of $1.34 per share based on the current market value at the time of pricing. AerCap did not receive any of the proceeds of this secondary offering, but it did enter into a contract with AIG to repurchase $750 million shares. Settlement occurred on June 9, 2015.