ALC upsizes senior notes offering

Victoria
By Victoria March 14, 2012 08:29

ALC upsizes senior notes offering

Air Lease Corporation (ALC) has priced and upsized to $1billion from $500m its offering of 5.625% senior notes due 2017.

The Notes will mature on April 1, 2017 and will bear interest at a rate of 5.625% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on October 1, 2012.
The company intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.

Victoria
By Victoria March 14, 2012 08:29
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