Air Lease Shareholders Selling 8 Million Shares


Aircraft leasing agent Air Lease says several private equity investors are offering 8 million shares of its Class A common stock.

While the offering's underwriters have been granted a 30-day option to buy up to an additional 1.2 million shares from the sellers, the total number of shares of Air Lease's Class A shares outstanding will not change as a result of this offering.

Affiliates of Ares Management, Leonard Green & Partners, and WL Ross & Co are the selling investors. Air Lease stressed it is not party to the sale and it will receive no proceeds from the issue.

As of May 28, the company had a total of 101,284,678 shares of Class A Common Stock and Class B Non-Voting Common Stock outstanding. The joint book-running managers of the offering are Credit Suisse Securities and Goldman Sachs.


The article Air Lease Shareholders Selling 8 Million Shares originally appeared on

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.