Air Lease Corporation Announces Pricing of Public Offering of $400.0 Million of 4.750% Senior Unsecured Notes due 2020

  Air Lease Corporation Announces Pricing of Public Offering of $400.0 Million
  of 4.750% Senior Unsecured Notes due 2020

Business Wire

LOS ANGELES -- January 29, 2013

Air Lease Corporation (NYSE: AL) (the “Company”) today 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, subject to satisfaction of customary closing

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

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.

The Notes are being offered pursuant to an effective shelf registration
statement that the Company previously filed with the Securities and Exchange
Commission (the “SEC”). The offering of the Notes is being made only by means
of a prospectus supplement and accompanying base prospectus, which may be
obtained for free by visiting EDGAR on the SEC’s website at
Alternatively, copies may be obtained from: BofA Merrill Lynch, 222 Broadway,
11th Floor, New York, NY 10038, Attention: Prospectus Department, or email:

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

Forward-Looking Statements

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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