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2 Years : From May 2011 to May 2013
Air Lease Corporation (NYSE: AL) (the “Company”) today announced that
due to market demand, it has priced and upsized to $1.0 billion its
offering of 5.625% senior notes due 2017 (the “Notes”) in an offering
exempt from registration under the Securities Act of 1933, as amended
(the “Securities Act”). The offering was upsized to $1.0 billion from a
previously announced offering size of $500 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 March 16, 2012, subject to satisfaction of
customary closing conditions.
The Notes will mature on April 1, 2017 and will bear interest at a rate
of 5.625% per annum, payable semi-annually in arrears on April 1 and
October 1 of each year, commencing on October 1, 2012.
The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for other general corporate
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 securities laws.
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 jurisdiction.
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 Securities
and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
Launched in 2010, ALC is an aircraft leasing company based in Los
Angeles, California that has airline customers throughout the world. ALC
and its team of dedicated and experienced professionals are principally
engaged in purchasing commercial aircraft and leasing them to its
airline partners worldwide through customized aircraft leasing and
financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.