US-based Air Lease Corporation has closed a US $400 million unsecured term loan with final maturity set for 2027. The loan is to be used for “general corporate purposes”, the lessor said in a statement, which came in the wake of the lessor’s offering of US$ 700 million fixed-rate senior unsecured notes. Sumitomo Mitsui Trust Bank’s New York branch acted as the mandated lead arranger and bookrunner on the loan transaction, with China Construction Bank Corporation, New York branch and Industrial and Commercial Bank of China, New York branch acted as mandated lead arrangers.

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