Simpson Thacher represented Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BNP Paribas Securities Corp., BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters, in connection with the registered public offering of 30,729,878 ordinary shares of AerCap Holdings N.V. (“AerCap”). A total of approximately $2 billion of proceeds before expenses were raised in the offering. An affiliate of General Electric Company (“GE”) received all of the proceeds from the offering. As a result of the transaction, GE has disposed of its full stake of 111.5 million ordinary shares of AerCap since March 2023, valued at approximately $6 billion. As part of the offering, AerCap purchased 7,859,163 ordinary shares from the underwriters.
AerCap is the global leader in aviation leasing with 2,113 aircraft owned, managed or on order and $72 billion of total assets as of September 30, 2023. AerCap serves approximately 300 customers with comprehensive fleet solutions from its headquarters in Dublin, with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle and Toulouse.
The Simpson Thacher team for the transaction included David Azarkh, Jieun Lim and Dan Kim (Capital Markets); Jonathan Cantor and Matthew Lester (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Mark Skerry and Laurel Fresquez (Regulatory); and Jennie Getsin (FINRA and Blue Sky).