S&P Places AerCap (AER) on CreditWatch Negative Amid ILFC Acquisition
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AIG (AIG) to Sell ILFC Jet-Leasing Unit in $5.4B Deal with AerCap (AER)
December 16, 2013 6:12 AM ESTAmerican International Group, Inc. (NYSE: AIG) announced that it has entered into an agreement under which AIG will sell its 100 percent interest in International Lease Finance Corporation (ILFC), a non-core asset, to AerCap Holdings N.V. (NYSE: AER). Total consideration for the transaction, consisting of $3.0 billion of cash and 97,560,976 newly issued AerCap common shares, has a value of approximately U.S. $5.4 billion based on AerCaps closing price per share of $24.93 on December 13, 2013. The transaction, which is expected to close in the second quarter of 2014, marks the last... More
