Record pricing for ALC $1.1bn senior unsecured MTN offering

Air Lease Corporation (ALC) has a public offering of $600 million 0.80% senior unsecured medium-term notes due August 18, 2024 and $500 million 2.10% senior unsecured medium-term notes due September 1, 2028. The sale of the notes is expected to close on August 18. ALC will use the net proceeds of the offering for general corporate purposes, which may include the purchase of commercial aircraft and the repayment of existing indebtedness. Citi, JPMorgan, TD Securities, and Wells Fargo are acting as joint bookrunners for the offering.