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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.
About AerCap
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
This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.
Contact for Media:
Frauke Oberdieck
+31 20 655 9616
foberdieck@aercap.com
Contact for Investors:
Peter Wortel
+31 20 655 9658
pwortel@aercap.com
AerCap Purchases Cerberus Shares Aug 2012
http://hugin.info/149317/R/1634979/525094.pdf
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Source: AerCap Holdings N.V. via Thomson Reuters ONE
Topic: Press release summary
Source: AerCap Holdings
https://www.acnnewswire.com
From the Asia Corporate News Network
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