ALC secondary public offering prices at $26.7 a share

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Air Lease's (ALC) public offering of 8 million shares of its Class A Common Stock priced at $26.75 per share.

The lessor announced the commencement of an underwritten public offering of 8 million shares by affiliates of Ares Management, Leonard Green & Partners and WL Ross & Co last week.

Air Lease is not selling any shares of Class A common stock in the offering, which is expected to close on 5 June, 2013 subject to satisfaction of customary closing conditions.

Credit Suisse Securities (USA) and Goldman, Sachs & Co. act as joint book-running managers for the offering.