BUZZ-AerSale falls as Leonard Green carves stake in secondary offering
Reuters · 12/14/2023 11:44
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** AerSale's ASLE.O shares down 10.5% at $13.23 premarket on secondary offering pricing
** Aviation products/services firm late Weds announced 4 mln shares sold by PE firm Leonard Green with RBC as sole underwriter
** Top shareholder Leonard Green reduces its stake by about a third to 18.6%, or ~9.6 mln shares
** AerSale has ~51.33 mln shares outstanding
** Last Thurs, ASLE shares gained ~5% after co received FAA certification for its Enhanced Flight Vision System (EFVS) for Boeing's BA.N 737NG product line
** YTD, shares down ~9% through Weds close. Stock has bounced >40% from 2023 low hit in early Aug
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))
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