ALC prices $600 million public offering

ALC prices $600 million public offering

Air Lease Corporation (ALC) has priced a public offering of $600 million at a rate of 2.625% due 2022.

The unsecured senior notes are expected to close in just under a week on 12 June. Notes will be payable semi-annually, on 1 January and 1 July starting next year.

Proceeds from the notes will be used for general purposes, including aircraft purchases and repaying debt.

Citigroup, Goldman Sachs, J.P. Morgan and SunTrust were the joint bookrunners on the offering.


Issuer: Air Lease Corporation
Type: Unsecured senior notes
Size: $600 million
Principle amount; 2.635%
Price: 99.553%
Maturity: 2022
Bookrunners: Citigroup, Goldman Sachs, J.P. Morgan and SunTrust

Alex Baldwin
By Alex Baldwin June 6, 2017 15:36

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