ALC increases senior unsecured revolver to $6.4bn

Air Lease Corporation (ALC) has amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, to approximately $6.4 billion from $6.2 billion, across 50 financial institutions.  The senior unsecured revolving credit facility remains priced at LIBOR plus 105 basis points with a 20 basis point facility fee, each subject to adjustments based on changes in the company’s credit ratings. “We are pleased to announce the extension of our senior unsecured revolving credit facility by two years to 2025 and upsize of the facility to $6.4 billion, a more than 35% increase since the beginning of 2019,” said