AerCap Holdings $3.7 billion secondary public offering

Overview:

• American International Group (AIG) offered $3.7 billion worth of secondary shares of AerCap Holdings, an aircraft leasing company, in June 2015. 
• AIG also obtained AerCap's $500 million 6.5% notes due 2045.
• In 2014, AIG originally acquired 97,560,976 AerCap shares (and $3 billion in cash) in exchange for selling its International Lease Finance Corporation business to AerCap. The company sold most of these shares in the June 2015 offer. 
• In August 2015, AIG sold the rest of its stake in AerCap for $500 million. 
• Citigroup Global Markets and Goldman Sachs acted as underwriters.

Rani Mehta - Journalist