Air Lease Corporation announces pricing of $76.53m of 1.617% notes

Air Lease Corporation announced the pricing of an offering of $76.53m of 1.617% secured notes due 2024 guaranteed by the Export-Import Bank of the United States. The sale of the Notes is expected to close on March 11, 2013, subject to satisfaction of customary closing conditions. The Notes will mature on August 15, 2024 and will bear interest at a rate of 1.617% per annum, payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, commencing on May 15, 2013. The Company intends to use the proceeds of the offering to refinance a portion of the purchase price of two Boeing 737-800 aircraft and to finance the related premium charged by Ex-Im Bank for its guarantee of the Notes.

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