Company offers 15.25% of its common shares at $17.00 apiece in deal
By Devika Patel
Knoxville, Tenn., June 6 - Aircastle Ltd. said it will raise about $209 million in a private placement of stock with Marubeni Corp.
The company will sell 15.25% of its common shares at $17.00 apiece. The per-share price represents a 17.65% premium to the June 5 closing share price of $14.45.
Based in Stamford, Conn., Aircastle acquires, leases and sells high-utility commercial jet aircraft.
| Issuer: | Aircastle Ltd.
|
| Issue: | Common stock
|
| Amount: | $209 million (approximate)
|
| Shares: | 15.25% of company's stock
|
| Price: | $17.00
|
| Warrants: | No
|
| Investor: | Marubeni Corp.
|
| Pricing date: | June 6
|
| Stock symbol: | NYSE: AYR
|
| Stock price: | $14.45 at close June 5
|
| Market capitalization: | $1.02 billion
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
