ALC prices $750 million medium-term notes

Darren Wood
By Darren Wood May 20, 2019 13:48

ALC prices $750 million medium-term notes

Air Lease Corporation (ALC) has priced its public offering of $750 million senior unsecured medium-term notes due June 1, 2026 at 3.750%.

The sale of the notes is expected to close on May 23, 2019, subject to satisfaction of customary closing conditions.

The notes will mature on June 1, 2026 and will be payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2019.

Air Lease intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

BofA, JPMorgan, Mizuho and RBC are acting as joint book runners for the offering.

Darren Wood
By Darren Wood May 20, 2019 13:48