AerSale Corporation (NASDAQ: ASLE), a leading provider of aviation products and services, has announced that certain affiliates of Leonard Green & Partners, L.P. (the Selling Stockholders) intend to offer for sale in an underwritten secondary offering 4,000,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the US Securities and Exchange Commission. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Selling Stockholders expect to grant the underwriter 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.
Latham & Watkins LLP represents AerSale in the offering with a corporate team led by New York partners Stelios Saffos, Paul Kukish, and John Slater, with associates Angel Marcial and Richard Dacher.
