Aircastle has revealed the pricing of the previously announced underwritten public offering of 5,000,000 common shares on behalf of funds managed by affiliates of Fortress Investment Group. The common shares are being offered pursuant to the Company's effective shelf registration statement which was previously filed with the Securities and Exchange Commission. Aircastle will not sell any shares in the offering and will not receive any proceeds from the offering. Morgan Stanley is acting as underwriter for the offering. The Company expects to close the sale of the common shares on March 12, 2012, subject to customary closing conditions.
The common shares purchased by the underwriters are expected to be offered for resale from time to time in negotiated transactions or otherwise, at market prices on the Exchange prevailing at the time of sale, at prices related to such prevailing market prices or otherwise. On March 6, 2012, the closing price of the Company's common shares on the New York Stock Exchange was $13.59 per share.
Aircastle prices shares
