AerSale falls on pricing secondary share deal
17/08/2022 12:07
** AerSale Corp's ASLE.O shares down 10% at $17.85
premarket after overnight secondary offering prices
** Aviation products and services co late Tues announced
4.25 mln shares sold by existing holders, including Leonard
Green & Partners at $17.25 urn:newsml:reuters.com:*:nBw27Y481a
** Offering price is 13% discount to stock's last sale
** Private equity firm Leonard Green sells ~3.8 mln shares,
cutting its stake to ~47% from ~54%, per prospectus filing https://www.sec.gov/Archives/edgar/data/1754170/000110465922091793/tm2223415-1_424b7.htm#sSEST
** Cowen, RBC, Stifel and Truist bookrunners for offering
** ASLE on Aug 8 reported Q2 rev rose 52% yr/yr to $139.6
mln and adj EPS of 56 cents, easily surpassing Refinitiv IBES
estimates of ~$111 mln and 18 cents urn:newsml:reuters.com:*:nBw6MxLYsa
** Shares have gained ~12% YTD through Tues close, including
~50% rally off their Jun low ($13.01)
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))