Air Lease Corporation Announces Pricing of Public Offering of $750 Million of 3.00% Unsecured Senior Notes due 2023

Published on : Wednesday, August 10, 2016

Air Lease Corporation LSQ/HAZ 787-9 & 787-10 ArtworkAir Lease Corporation (the “Company”) today announced the pricing of its public offering of $750 million aggregate principal amount of 3.00% unsecured senior notes due 2023 (the “Notes”). The Notes were offered to the public at a price of 98.658% of their face amount. The sale of the Notes is expected to close on August 15, 2016, subject to satisfaction of customary closing conditions.

The Notes will mature on September 15, 2023and will bear interest at a rate of 3.00% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2017.

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.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Securities USA Inc. 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. Before you invest, you should read the base prospectus and prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: (i) Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling 1 (800) 831-9146; (ii) J.P. Morgan Securities LLC at 383 Madison Avenue, New York, New York 10179 or by calling collect at 1 (212) 834-4533; (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated at NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department or by calling 1 (800) 294-1322; or (iv) Mizuho Securities USA Inc. at 320 Park Avenue, 12th Floor, New York, New York 10022 or by calling 1 (866) 271-7403.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

 

Source:- Air Lease

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