ALC increases unsecured revolver to $5.8bn

Air Lease Corporation (ALC) has extended its unsecured revolving credit facility with JPMorgan. As part of the agreement, JPMorgan will act as administrative agent and has agreed for ALC to extend its the maturity date of the substantial majority of the revolving commitments from May 5, 2022 to May 5, 2023. This includes commitments that matured on May 5, 2019, increasing the total revolving commitments to approximately $5.8 billion from $4.6 billion, across 50 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