Although I am mindful of going on about the strength of the markets lately, airlines and aircraft lessors have been taking full advantage of the positive pricing environment to refinance debt and existing credit facilities at significantly lower rates and higher volumes. The latest company to benefit is Air Lease Corp, which announced the closing of a $1.7bn four-year unsecured revolving credit facility priced at LIBOR +1.45%, with no LIBOR floor. This new facility amends and updates ALC’s existing bank facility, by increasing the size from $1.1 billion to $1.7 billion, extending the availability period from three years to four

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