Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 2.625% Unsecured Senior Notes Due 2018
August 11 2015 - 5:21PM
Business Wire
Air Lease Corporation (NYSE: AL) (the “Company”) today announced
the pricing of its public offering of $500 million aggregate
principal amount of 2.625% unsecured senior notes due 2018 (the
“Notes”). The Notes were offered to the public at a price of
99.500% of par. The sale of the Notes is expected to close on
August 18, 2015, subject to satisfaction of customary closing
conditions.
The Notes will mature on September 4, 2018 and will bear
interest at a rate of 2.625% per annum, payable semi-annually in
arrears on March 4 and September 4 of each year, commencing on
March 4, 2016.
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.
BofA Merrill Lynch, J.P. Morgan, Mizuho Securities, Wells Fargo
Securities, BMO Capital Markets, BNP PARIBAS, Citigroup, Credit
Agricole CIB, Credit Suisse, Fifth Third Securities, Lloyds
Securities, MUFG, Natixis, RBC Capital Markets, Santander and
SunTrust Robinson Humphrey 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 issuer has filed with the SEC for more complete information
about the issuer 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) J.P. Morgan
Securities LLC at 383 Madison Ave., New York, New York 10179 or by
calling collect at 1 (212) 834-4533; (ii) Merrill Lynch, Pierce,
Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New
York, New York 10038, Attention: Prospectus Department, or by
calling 1 (800) 294-1322; (iii) Mizuho Securities USA Inc. at 320
Park Avenue, 12th Floor, New York, New York 10022 or by calling 1
(866) 271-7403; or (iv) Wells Fargo Securities, LLC at 608 2nd
Avenue, South Minneapolis, Minnesota 55402, Attention: WFS Customer
Service, or by calling 1 (800) 645-3751.
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.
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 expected closing of the
offering and the intended use of proceeds. Forward-looking
statements are based on estimates and assumptions made by our
management and are believed to be reasonable, though they are
inherently uncertain and difficult to predict. Our forward-looking
statements speak only as of the date on which they are made and we
do not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of the
statement. Forward-looking statements involve risks and
uncertainties that could cause results to differ materially from
those expressed or implied by the forward-looking statements based
on a number of factors, including but not limited to, unexpected
delays in the closing process for the Notes, unanticipated cash
needs, and those risks detailed in our filings with the SEC,
including our Annual Report on Form 10-K for the fiscal year ended
December 31, 2014.
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version on businesswire.com: http://www.businesswire.com/news/home/20150811006429/en/
Investors:Air Lease CorporationRyan McKenna, 310-553-0555Vice
Presidentrmckenna@airleasecorp.com
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