Air lease corporation announces pricing of $300 million offering of preferred stock

Los angeles--(business wire)--air lease corporation (nyse: al) (the “company”) announced the pricing today of its public offering of 300,000 shares (the “shares”) of 4.65% fixed-rate reset non-cumulative perpetual preferred stock, series b (the “series b preferred stock”), with a liquidation preference of $1,000.00 per share. the sale of the shares is expected to close on march 2, 2021, subject to satisfaction of customary closing conditions. the company will pay dividends on the shares when, a
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