AerCap has registered with the US Securities and Exchange Commission the sale of 14.9 million of its ordinary shares held by Waha Capital as part of a funded collar transaction by the Abu Dhabi investment firm.

New York-listed AerCap will not receive any proceeds from the sale of the shares, nor will the lessor issue any new ordinary shares in connection with these transactions.

Waha is expected to raise $575 million from the deal, according to sources.

AerCap says 10.2 million in ordinary shares will be sold in an underwritten offering with Citigroup and Deutsche Bank Securities acting as underwriters. A further 4.7 million ordinary shares will be sold by the collar counterparties or their affiliates or agents.

Source: Cirium Dashboard