Sirius Aircraft Leasing Fund (SALF) is targeting a raise US$250 million via an initial placing and offer for subscription, according to its recently published prospectus outlining the raise and the proposed admission of its ordinary shares to trading on the London Stock Exchange.
SALF will invest the funds in used aircraft. Additionally, a further 300 million ordinary shares and/or C shares will also be launched on a 12-month placing program following the issuance.
Liberum Capital Limited to act as the sponsor, joint financial adviser and joint placing agent, while J&E Davy to act as the joint financial adviser and joint placing agent.
The receipt of applications is due 15 November 2018, while the receipt of commitments is due 16 November 2018. The results of the issue to be posted on 19 November 2018.
The prospectus will be available at http://siriusavcap.com.