ALC prices new MTN offering

Air Lease Corporation (ALC) has priced its $1.2bn medium-term notes, Series A, due 2026 at 1.875%. The spread to US Treasuries is 120 basis points. KBRA has assigned  a senior unsecured rating of A- with a Negative Outlook. ALC intends to use the proceeds for general corporate purposes, which may include the purchase of aircraft and the repayment of existing indebtedness. KBRA most recently affirmed the Company’s issuer and senior unsecured debt ratings of A- and the BBB rating for their preferred shares on March 25, 2021 with a Negative Outlook. The issuance has a large company of joint bookrunners comprising