Munger, Tolles & Olson represented Air Lease Corporation (ALC) in its April 19 initial public offering on the New York Stock Exchange under the symbol “AL.”
In the initial public offering, ALC sold over 30 million shares of its Class A Common Stock, raising gross proceeds of over $900 million. The company has granted the underwriters in the offering an option to purchase up to approximately 4.5 million additional shares of its Class A Common Stock, which if fully exercised would raise additional gross proceeds of over $120 million.
Attorneys working on the matter include Mark H. Kim, Ronald L. Olson, Robert K. Johnson, Robert B. Knauss, Katherine Ku, William E. Cano, Renée Delphin-Rodriguez, and David C. Thompson.
Munger Tolles has represented ALC since its inception, providing guidance on a wide range of matters, including structuring, capital raising, governance, securities laws, executive compensation, financing and shareholder relationships. In July 2010, the firm guided ALC in its initial $2.8 billion capital raise, consisting of $1.3 billion in equity financing and $1.5 billion in debt financing.
The company was founded by Steve F. Udvar-Házy, one of the most influential players in the commercial aviation industry and previous co-founder of International Lease Finance Corporation, one of the world’s largest lessors of commercial aircraft.