NEW YORK--(BUSINESS WIRE)--Aug. 18, 2015--
American International Group, Inc. (NYSE:AIG) announced today that it
has priced the sale of 10,677,702 ordinary shares of AerCap Holdings
N.V. (NYSE:AER) by means of an underwritten public offering. Closing of
this transaction is scheduled for August 24, 2015 and is subject to
customary closing conditions. AIG will receive net cash proceeds of
approximately $500 million. After the closing of the sale, AIG will not
own any ordinary shares of AerCap.
“The sale of our remaining ordinary shares of AerCap marks a further
step in our efforts to enhance intrinsic value,” said Peter D. Hancock,
President and Chief Executive Officer, AIG. “It adds to AIG’s financial
flexibility and provides us with an opportunity to maximize shareholder
value – whether through continued balance sheet optimization and capital
management, organic growth investment, or inorganic acquisitions that
help us meet our customers’ needs.”
AerCap has filed a registration statement (including a prospectus) on
Form F-3 with the SEC for the underwritten offering to which this
communication relates. The registration statement was declared effective
on March 31, 2015. Investors should read the accompanying prospectus
dated March 31, 2015, the preliminary prospectus supplement dated August
18, 2015 and other documents AerCap has filed with the SEC for more
complete information about AerCap and this offering. These documents may
be obtained for free by visiting EDGAR on the SEC's website at
www.sec.gov.
Alternatively, copies of the prospectus supplement and accompanying base
prospectus relating to the offering, when available, may be obtained
from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, via telephone: 800-831-9146; and Goldman
Sachs & Co., Attention: Prospectus Department, 200 West Street, New
York, New York 10282, via telephone: 1-866-471-2526 or via email:
prospectus-ny@ny.email.gs.com.
Certain statements in this press release, including the closing of the
transaction described herein, constitute forward-looking statements.
These statements are not historical facts but instead represent only
AIG’s belief regarding future events, many of which, by their nature,
are inherently uncertain and outside AIG’s control. It is possible that
actual results will differ, possibly materially, from the anticipated
results indicated in these statements. Factors that could cause actual
results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube:
www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at
www.aig.com. All products and services are written or provided by
subsidiaries or affiliates of American International Group, Inc.
Products or services may not be available in all countries, and coverage
is subject to actual policy language. Non-insurance products and
services may be provided by independent third parties. Certain
property-casualty coverages may be provided by a surplus lines insurer.
Surplus lines insurers do not generally participate in state guaranty
funds, and insureds are therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150818006662/en/
Source: American International Group, Inc.
American International Group, Inc.
Media:
Matthew Gallagher,
212-458-3247
matthew.gallagher2@aig.com
or
Investors:
Liz
Werner, 212-770-7074
elizabeth.werner@aig.com