AIR LEASE ANNOUNCES $805 MILLION IPO

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By TESTCustomwebLP TESTCustomwebLP April 6, 2011 21:04

AIR LEASE ANNOUNCES $805 MILLION IPO

Air Lease Corp, founded by Udvar-Hazy in February 2010, aims to raise $805 million in an initial public offering (IPO), according to an filing at the US Securities & Exchange Commission.

The filing states the Los Angeles-based lessor, partly owned by WL Ross & Company, Ares Management and Commonwealth Bank of Australia, will sell at least 25 million of shares at around $28 a share. The joint book-running managers for the offering are JP Morgan, Credit Suisse, Barclays Capital, FBR Capital Markets, RBC Capital Markets and Wells Fargo.

ALC is offering its underwriters to buy an additional 3.8 million shares on the same terms and conditions to cover over-allotments.

Should the IPO be successful, ALC market cap will be close to $2.5 billion.

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By TESTCustomwebLP TESTCustomwebLP April 6, 2011 21:04
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