Air Lease Corporation Announces Pricing of $450 Million of Senior Unsecured
Notes Due 2016
LOS ANGELES -- September 21, 2012
Air Lease Corporation (NYSE: AL) (the “Company”) today announced that due to
market demand, it has priced and upsized to $450 million its offering of 4.50%
senior unsecured notes due 2016 (the “Notes”), in an offering exempt from
registration under the Securities Act of 1933, as amended (the “Securities
Act”). The offering was upsized to $450 million from a previously announced
offering size of $300 million. The Notes are being sold only to qualified
institutional buyers and non-U.S. persons outside of the United States in
reliance upon Rule 144A and Regulation S, respectively, under the Securities
Act. The sale of the Notes is expected to close on September 26, 2012, subject
to satisfaction of customary closing conditions.
The Notes will mature on January 15, 2016 and will bear interest at a rate of
4.50% per annum, payable semi-annually in arrears on January 15 and July 15 of
each year, commencing on January 15, 2013.
The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for other general corporate purposes.
The Notes have not been registered under the Securities Act or applicable
state securities laws and, unless so registered, may not be offered or sold in
the United States, except pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable state
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the Notes in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
This press release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
relating to the closing of the offering. Such statements are based on current
expectations and projections about our future results, prospects and
opportunities and are not guarantees of future performance. Such statements
will not be updated unless required by law. Actual results and performance may
differ materially from those expressed or forecasted in forward-looking
statements due to a number of factors, including those discussed in our
filings with the Securities and Exchange Commission.
Air Lease Corporation
Ryan McKenna, 310-553-0555
Assistant Vice President, Strategic Planning and Investor Relations
Laura St. John, 310-553-0555
Media and Investor Relations Coordinator
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