Abu Dhabi – Mubasher: Waha Capital extended the maturity of its collar hedges on 18.89 million shares in New York-listed AerCap Holdings for up to around 43 months, according to a statement.
The Abu Dhabi-listed firm also sold a further 4 million AerCap shares, which were acquired at an average purchase price of $36.51 in January 2016.
In August, the Abu Dhab-listed firm extended the maturity for 3.97 million shares in AerCap for a period up to 25 months and also has in place an additional collar hedge for another 3.97 million shares.
All of these collar hedges will now mature progressively over the 2018-2020 period.
The remainder will be received as a net cash payment of $81 million and used to implement Waha’s diversification and growth strategy.
As a result of these transactions, Waha has now locked in the value of its entire remaining portfolio of 26.85 million AerCap shares at an average minimum price of $ 38.36 per share.
