AerCap’s $5.4 Billion Acquisition of International Lease Finance Corporation
December 17, 2013
On December 16, 2013, AerCap Holdings N.V. (“AerCap”) announced that it has entered into a definitive agreement with American International Group, Inc. (“AIG”) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (“ILFC”), a wholly owned subsidiary of AIG. Cravath represented AerCap in connection with this transaction. Under the terms of the agreement, AIG will receive US$3.0 billion in cash and 97,560,976 AerCap shares, representing a value of approximately US$5.4 billion based on AerCap’s closing price per share of $24.93 on December 13, 2013.
The Cravath team included partner George F. Schoen and associate Teel T. Lidow on M&A matters; partner Stephen L. Gordon and associates Christopher K. Fargo and Andrew Carlon on tax matters; partner Eric W. Hilfers and practice area attorney Lawrence A. Pasini on executive compensation and benefits matters; partner Christine A. Varney and associates Margaret Segall D’Amico and Darnell Stanislaus on regulatory matters; partner Stephen M. Kessing, senior attorneys Kimberly A. Grousset and Elizabeth Albert and associates Jordan S. Traister, Ali Assareh and Eric M. Wasserstrum on finance matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Gary R. Eisenman on real estate matters. Daniel J. Cerqueira also worked on M&A matters; Martin T. Mohr also worked on tax matters; Matthew J. Bobby also worked on executive compensation and benefits matters; John R. Love also worked on finance matters; and Shamil P. Kotecha also worked on real estate matters.
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- New York
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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J.D., 2008, Harvard Law Schoolcum laude
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A.B., 2003, Harvard Collegemagna cum laude
- New York
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J.D., 1987, Yale Law Schoolwith Honors
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A.B., 1984, Harvard Collegecum laude
- New York
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
- New York
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J.D., 1981, Harvard Law Schoolcum laude
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A.B., 1978, Cornell Universitycum laude
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J.D., 1986, Georgetown University Law Center
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M.P.A., 1982, Syracuse University
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B.A., 1977, State University of New York, Albany
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