Air Lease Corporation increases unsecured revolving credit facility to $3.7 Billion

Eleanor Steed
By Eleanor Steed May 3, 2017 16:33

Air Lease Corporation increases unsecured revolving credit facility to $3.7 Billion

Air Lease Corporation has amended and extended its unsecured revolving credit facility with JPMorgan as administrative agent and the lenders and has extended the maturity date of the substantial majority of the revolving commitments from May 5, 2020 to May 5, 2021 and increased total revolving commitments to $3.7 billion from $3.5 billion, across 43 financial institutions.

The syndicated unsecured revolving credit facility remains priced at LIBOR plus 105 basis points with a 20 basis point facility fee, each subject to adjustments based on changes in ALC’s credit ratings.

“ALC is pleased to announce the extension and upsize of our revolving credit facility, and we appreciate the continued support from our global banking group,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation. “The credit facility provides us with a reliable source of attractively priced capital and liquidity that supports the growth of our business.”

Eleanor Steed
By Eleanor Steed May 3, 2017 16:33