ALC prices $500 million unsecured

Air Lease Corporation (ALC) has priced a public offering of $500 million senior unsecured notes at 2.125%. The notes, which mature on January 15, 2020, were offered to the public at a slight discount of 99.643% of par. The sale is expected to close on October 3, 2016. ALC intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. Goldman Sachs, Merrill Lynch, Santander and Wells Fargo are acting as joint book-running managers for the offering.