ALC extends $7.2bn senior unsecured revolving credit facility

Air Lease Corporation (ALC) said it has amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent. The company said it has extended the final maturity date of the facility from May 5 2026 to May 5 2027 and amended the total revolving commitments to approximately $7.2bn across 49 financial institutions, as of May 5 2023. The senior unsecured revolving credit facility accrues interest at adjusted term SOFR plus a margin of 1.05% per year with a 0.20% facility fee, each subject to adjustments based on the company’s credit ratings, ALC said. “We’d like