Air Lease Corporation Announces Closing of $400.0 Million Senior Unsecured
LOS ANGELES -- February 5, 2013
Air Lease Corporation (NYSE: AL) (the “Company”) today announced the closing
of its previously announced public offering of $400.0 million in aggregate
principal amount of 4.750% senior unsecured notes due 2020 (the “Notes”).
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 acted as joint book-running managers for the offering
of the Notes.
The Notes were 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 was 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 www.sec.gov. 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
This press release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. 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 SEC.
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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