Simpson Thacher represented Citigroup Global Markets Inc., as underwriter, in connection with the registered public offering 4,000,000 ordinary shares of AerCap Holdings N.V. (“AerCap”). A total of approximately $239 million of proceeds before expenses were raised in the offering. Affiliates of Waha Capital PJSC (“Waha”) received all of the proceeds from the offering.
The Firm also represented Nomura International plc and Citibank N.A., London Branch, among others, as collar counterparites, in connection with the contemporaneous termination of funded collar transactions previously entered into with affiliates of Waha relating to the AerCap ordinary shares sold in the offering.
AerCap is the global leader in aircraft leasing with 1,360 aircraft owned, managed or on order and $43.5 billion of total assets as of September 30, 2019. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.
The Simpson Thacher team for the transaction included David Azarkh and John O’Connell (Capital Markets); Jonathan Lindabury and Nathan Utterback (Derivatives); Jonathan Cantor and Brian Mendick (Tax); Michael Isby (Environmental); Larry Moss and Eric Wolf (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).