IFLR1000

AerCap Holdings $750 million share buyback

1/6/2015
Investment grade bond/note issue, Public acquisition, Private placement of bonds/notes
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$ 750 million

Completed

1/6/2015

Overview:

  • AerCap Holdings has bought back $750 million (46%) of its shares from AIG.
  • The deal saw AerCap issue $500 million in 6.5% notes to AIG and pay a cash consideration of $250 million.
  • The junior subordinated notes are due in 2045 and will convert from fixed to floating rate after 10 years.

Rani Mehta - Journalist  

Jurisdictions:

United States
Netherlands

Deal types:

Investment grade bond/note issue
Public acquisition
Private placement of bonds/notes

Practice areas:

Capital markets : Debt
M&A

Governing law:

New York

Industry sector:

Aviation

Firms:
Cravath Swaine & Moore

Party: AerCap (Issuer)

Lawyer: Craig Arcella

Debevoise & Plimpton

Party: AIG (Seller)

Lawyer: Peter Loughran

NautaDutilh

Party: AerCap (Issuer)

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