AerCap Holdings N.V. Announces the Pricing of Secondary Public Offering of Its Ordinary Shares at $25.90 per share

2007-08-01 08:07 871

NEW YORK, Aug. 11 /Xinhua-PRNewswire/ -- AerCap Holdings N.V. ("AerCap," NYSE: AER) today announced that companies controlled by funds and accounts affiliated with Cerberus Capital Management, L.P. ("Cerberus"), its selling shareholders, had priced an offering of 20,000,000 ordinary shares at $25.90 per share. The underwriters have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from Cerberus to cover overallotments, if any. Cerberus will continue to hold approximately a 46% interest in AerCap (or a 42% interest if the overallotment option is exercised in full). AerCap will not receive any of the proceeds from the offering.

Morgan Stanley, Goldman, Sachs & Co., Lehman Brothers and Merrill Lynch & Co. are acting as joint book running managers and as representatives for the underwriters of this offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. Copies of the prospectus related to the offering may be obtained from the prospectus departments of:

Morgan Stanley, Attn: Prospectus Department, 180 Varick Street 2/F, New

York, NY 10014 (tel: 1-866-718-1649, or e-mail at

Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New

York, NY 10004 (fax: 1-212-902-9316, or e-mail at

Lehman Brothers, c/o Broadridge, 1155 Long Island Avenue, Edgewood,

NY 11717 (fax: 1-631-254-7140, or e-mail at

Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080

(tel: 1-212-449-1000).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AerCap

AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap has a fleet of over 340 aircraft owned, managed or under contracted orders and a diversified commercial engine portfolio. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, China and the United Kingdom.

Statements contained in this press release that are not historical information are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. 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. More detailed information on these and additional factors which could affect AerCap's operating and financial results are described in the company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 20-F. AerCap urges all interested parties to read this report to gain a better understanding of the many business and other risks that the company faces. Additionally, AerCap undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

Source: AerCap Holdings N.V.
Keywords: Airlines/Aviation