ALC prices US$700 million notes offering

Air Lease Corporation (ALC) has priced a $700 million public offering of 5.85% senior unsecured medium-term notes, due December 15, 2027. The proceeds raised by the offering would be used for for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness, ALC said. The offering is expected to close on December 5, subject, ALC added, “to satisfaction of customary closing conditions”. The notes are to mature on December 15 with interest at 5.85% a year, which is to be payable semi-annually in arrears, or by June 15 and December