AerCap Prices Secondary Share Offering Of 26,721,633 Ordinary Shares At $65.25/Share
Portfolio Pulse from Benzinga Newsdesk
AerCap Holdings has announced a secondary offering of 26,721,633 ordinary shares at $65.25 per share, sold by GE Capital US Holdings, Inc., a subsidiary of General Electric Company. AerCap itself will repurchase 7,859,163 shares at $63.62 per share but will not receive any proceeds from the secondary offering.
November 14, 2023 | 7:15 am
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NEUTRAL IMPACT
AerCap's secondary offering may increase the stock's liquidity but could also dilute current shareholders' value. The repurchase of shares indicates a positive outlook by the company.
The secondary offering by GE Capital could put downward pressure on AerCap's stock due to dilution. However, the company's decision to repurchase a portion of the shares could be seen as a positive signal, potentially offsetting some of the negative impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
General Electric, through its subsidiary GE Capital, is selling a significant number of AerCap shares, which may indicate a strategy to liquidate assets or raise capital.
The sale of AerCap shares by GE Capital could be part of General Electric's broader strategy to raise capital or streamline its portfolio. The direct impact on GE's stock price is uncertain, as it depends on the market's perception of the sale's rationale.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60