AEI to provide three 737-400SFs to ASL Aviation
6th August 2012
AerSale has announced that certain of its stockholders, including affiliates of Leonard Green & Partners, intend to offer for sale in an underwritten secondary offering 4,000,000 shares of common stock of AerSale. The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions. No shares are being issued or sold by AerSale. The selling stockholders will receive all of the proceeds from the offering.
Cowen, RBC Capital Markets, and Stifel are acting as joint book-running managers and representatives of the underwriters for the Offering. Truist Securities is also acting as joint book-running manager for the Offering.
In addition, AerSale also announced that it has entered into a share repurchase agreement with the selling stockholders to purchase 1,500,000 shares of Common Stock. The price per share to be paid by the Company will be equal to the price per Share paid by the underwriters for the Shares in the Offering. The Share Repurchase is expected to be consummated concurrently with the closing of the Offering. Although the Share Repurchase will be conditioned upon, among other things, the closing of the Offering, the closing of the Offering will not be conditioned upon the closing of the Share Repurchase.