AerCap Holdings N.V. 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 $120m 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 $200m of its ordinary shares prior to June 30, 2013. As of August 20, 2012, up to approximately $104m in additional shares may be purchased under this program.
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Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada