Air Lease Corporation (ALC) has priced and upsized to $1billion from $500m its offering of 5.625% senior notes due 2017. The Notes will mature on April 1, 2017 and will bear interest at a rate of 5.625% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on October 1, 2012. The company intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.

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