U.S. aircraft leasing company Air Lease Corp. has priced its public offering of 10 million shares at a price to the public of $25 per share before underwriting commissions and transaction expenses.
The gross proceeds from the offering to Air Lease Corp will be $250 million.
Air Lease plans to use the money raised for general corporate purposes, which may include the acquisition of commercial aircraft and the repayment of existing indebtedness.
The sale of the shares is anticipated to be finalized on March 5, 2019, subject to satisfaction of customary closing conditions.