Air Lease Corporation Announces Pricing of Public Offering of $500 Million of 2.125% Unsecured Senior Notes due 2020
September 27 2016 - 3:45PM
Air Lease Corporation (NYSE:AL) (the “Company”) announced the
pricing on September 26, 2016 of its public offering of $500
million aggregate principal amount of 2.125% unsecured senior notes
due 2020 (the “Notes”). The Notes were offered to the public at a
price of 99.643% of their face amount. The sale of the Notes is
expected to close on October 3, 2016, subject to satisfaction of
customary closing conditions.
The Notes will mature on January 15, 2020 and will
bear interest at a rate of 2.125% per annum, payable semi-annually
in arrears on January 15 and July 15 of each year, commencing on
January 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.
Goldman, Sachs & Co., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Santander Investment Securities
Inc. and Wells Fargo Securities, LLC 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)
Goldman, Sachs & Co., at 200 West Street, New York, New York
10282, Attn: Prospectus Department or by telephone: 1 (212)
902-1171, facsimile: 1 (212) 902-9316, e-mail:
prospectus-ny@ny.email.gs.com; (ii) 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; (iii)
Santander Investment Securities Inc. at 45 East 53rd Street, New
York, New York 10022 or by calling 1 (212) 407-7822; or (iv) Wells
Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000,
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 contains 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. Such
statements are based on current expectations and projections about
the Company’s 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
but not limited to, unexpected delays in the closing process for
the Notes, unanticipated cash needs, and those risks detailed in
the Company’s filings with the SEC, including the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2015 and
the Company’s Quarterly Report on Form 10-Q for the quarter ended
June 30, 2016.
Investors:
Ryan McKenna, 310-553-0555
Vice President, Air Lease Corporation
rmckenna@airleasecorp.com
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