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Air Lease Corp Announces Pricing Of Public Offering Of $400.0 Million Of 4.750% Senior Unsecured Notes Due 2020

Tuesday, 29 Jan 2013 05:48pm EST 

Air Lease Corp announced the pricing of its public offering of $400.0 million in aggregate principal amount of 4.750% senior unsecured notes due 2020 (the Notes). The Notes were offered to the public at a price of 100.000% of par. The sale of the Notes is expected to close on February 5, 2012. The Notes will mature on March 1, 2020 and will bear interest at a rate of 4.750% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2013. The Company intends to use the net proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes, including reducing outstanding obligations under one of its revolving credit facilities. BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, BMO Capital Markets, Citigroup, Credit Suisse Securities, RBC Capital Markets, RBS, and Wells Fargo Securities are acting as joint book-running managers for the offering of the Notes. 

Company Quote

0.12 +0.35%
24 Dec 2014