Los Angeles, California. 17 May 2019. Air Lease Corporation announced the pricing on May 16, 2019 of its public offering of $750 million aggregate principal amount of 3.750% senior unsecured medium-term notes due June 1, 2026 (the “Notes”). The sale of the Notes is expected to close on May 23, 2019, subject to satisfaction of customary closing conditions.
The Notes will mature on June 1, 2026 and will bear interest at a rate of 3.750% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2019.
The Company 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.
BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering of the Notes.
The Notes are being offered pursuant to the Company’s effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2018, as amended by the Post-Effective Amendment No. 1, filed with the SEC on November 20, 2018. The offering of the Notes is being made only by means of the prospectus supplement dated November 20, 2018, supplementing the base prospectus dated November 20, 2018, as may be further supplemented by any free writing prospectus and/or pricing supplements the Company may file with the SEC. Before you invest, you should read the base prospectus, prospectus supplement and any other documents the Company may file with the SEC for more complete information about the Company and this offering.