ALC announces secondary offering of Class A Common Stock

Victoria
By Victoria May 29, 2013 10:06

ALC announces secondary offering of Class A Common Stock

Air Lease Corporation (ALC) has launched an underwritten public offering, subject to market conditions, of 8,000,000 shares of its Class A Common Stock by affiliates of Ares Management LLC, Leonard Green & Partners, L.P. and WL Ross & Co. LLC. The underwriters are expected to be granted a 30-day option from the date of the offering to purchase up to an additional 1,200,000 shares of Class A Common Stock from the selling stockholders. The Company is not selling any shares of Class A Common Stock in the offering and will not receive any proceeds from the sale. The total number of shares of the Company’s Class A Common Stock outstanding will not change as a result of this offering.
Credit Suisse and Goldman Sachs will act as joint book-running managers for the offering.

Victoria
By Victoria May 29, 2013 10:06
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