Aviation Leasing Firm AerCap Shares Slip As General Electric Sells $2.4B Worth Of Stake
Portfolio Pulse from Shivani Kumaresan
General Electric (GE) is selling 40.68 million shares of AerCap Holdings (AER) at $59 per share, a 4.5% discount to AerCap’s closing price on September 11. The secondary offering was upsized from the previously announced 32.4 million shares. AerCap will repurchase 15.25 million of its ordinary shares from the underwriters at $57.53 per share. The gross proceeds for GE will be about $2.4 billion.
September 12, 2023 | 9:48 am
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NEGATIVE IMPACT
AerCap's stock price may be negatively impacted in the short term due to the discounted share sale and repurchase.
The sale of shares at a discount could put downward pressure on AerCap's stock price. Additionally, the repurchase of shares could also impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
General Electric's financial position may improve in the short term due to the proceeds from the share sale.
The sale of AerCap shares will provide General Electric with significant proceeds, potentially improving its financial position in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100