January 8, 2015
Air Lease Corporation announces pricing of public offering of US$600m of 3.750% unsecured Senior Notes
Air Lease Corporation announced the pricing of its public offering of US$600m in aggregate principal amount of 3.750% unsecured senior notes due 2022 (the “Notes”). The Notes were offered to the public at a price of 99.289% of par. The sale of the Notes is expected to close on January 14th, 2015, subject to satisfaction of customary closing conditions. The Notes will mature on February 1st, 2022 and will bear interest at a rate of 3.750% per annum, payable semi-annually in arrears on February 1st and August 1st of each year, commencing on August 1st, 2015. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.