Air Lease (AL) Prices $300M Preferred Share Offering
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Air Lease Corporation Announces Pricing of $300 Million Offering of Preferred Stock
September 17, 2024 8:56 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) (the Company) announced the pricing today of its public offering of 300,000 shares (the Shares) of 6.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D (the Series D Preferred Stock), with a liquidation preference of $1,000.00 per share. The sale of the Shares is expected to close on September 24, 2024, subject to satisfaction of customary closing conditions.
The Company will pay dividends on the Shares when, as and if declared by the board of directors... More
