On June 17, 2020, Air Lease Corporation has announced the pricing of its public offering of US$850.0 million aggregate principal amount of 3.375% senior unsecured medium-term notes due July 1, 2025 (the Notes). The sale of the Notes is expected to close on June 24, 2020, subject to satisfaction of customary closing conditions.
The Notes will mature on July 1, 2025 and will bear interest at a rate of 3.375% per annum, payable semi-annually in arrears on January 1 and July 1, of each year, commencing on January 1, 2021. 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.
BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Notes.Email Post to a Friend