AerSale Corporation (ASLE)

[Enterprising Investor]

AerSale Announces Secondary Offering of Common Stock (8/16/22)

CORAL GABLES, Fla.--(BUSINESS WIRE)--AerSale Corporation (“AerSale”) (NASDAQ: ASLE), a leading provider of aviation products and services, today announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering 4,250,000 shares of common stock of AerSale pursuant to a shelf registration statement on Form S-3 filed by AerSale with the U.S. Securities and Exchange Commission (the “SEC”). The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 637,500 shares of common stock on the same terms and conditions. No shares are being sold by AerSale. The Selling Stockholders will receive all of the proceeds from this offering.

Cowen, RBC Capital Markets, and Stifel are acting as joint book-running managers and representatives of the underwriters for the proposed offering. Truist Securities is also acting as joint book-running manager for the proposed offering.

The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: Cowen and Company, LLC, Attn: Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by telephone: [phone] or by email: [e-mail]; RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, New York, NY 10281, by telephone at 877-822-4089 or by email at [e-mail]; or Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department, email: [e-mail].

A registration statement, including a prospectus, relating to these securities has been declared effective by the SEC. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AerSale
AerSale serves a diverse customer base operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale’s offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed ‘Engineered Solutions’ to enhance aircraft performance, operating economics and satisfy FAA mandates (e.g. AerSafe™, AerTrak™, and now AerAware™).

https://www.businesswire.com/news/home/20220816005879/en/AerSale-Announces-Secondary-Offering-of-Common-Stock