AIG priced the sale of 10,677,702 ordinary shares of AerCap by means of an underwritten public offering with expected net cash proceeds of $500 million. The sale would shed AIG of its remaining shares of AerCap.

“The sale of our remaining ordinary shares of AerCap marks a further step in our efforts to enhance intrinsic value,” said Peter D. Hancock, president and CEO of AIG. “It adds to AIG’s financial flexibility and provides us with an opportunity to maximize shareholder value – whether through continued balance sheet optimization and capital management, organic growth investment, or inorganic acquisitions that help us meet our customers’ needs.”

AerCap filed a registration statement (including a prospectus) on Form F-3 with the SEC for the underwritten offering. The registration statement was declared effective on March 31, 2015.