Air Lease Corporation Announces 8M Share Secondary Offering
Air Lease Corporation (NYSE: AL) (the “Company”) today announced the
commencement of 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.