Bumper revolver for ALC

Air Lease Corporation (ALC) has amended and extended its unsecured revolving credit facility to $3.13 billion from $2.78 billion, across 39 financial institutions. The facility’s maturity date was extended from May 5, 2019 to May 5, 2020 and the total revolving commitments were increased. Under the amended deal, lenders hold revolving commitments totaling $2.78 billion that mature on May 5, 2020, with the remaining revolving commitments maturing prior to May 5, 2020. The pricing for the facility remains unchanged at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the