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2 Years : From May 2011 to May 2013
Air Lease Corporation (NYSE: AL) (the “Company”) today announced that it
intends to offer $300 million aggregate principal amount of convertible
senior notes due 2018 (the “Notes”) in an offering exempt from
registration under the Securities Act of 1933, as amended (the
“Securities Act”). In connection with this offering, the Company expects
to grant the initial purchasers of the Notes an option to purchase up to
an additional $45 million aggregate principal amount of the Notes. The
Notes will be offered only to qualified institutional buyers in reliance
upon Rule 144A under the Securities Act.
The Notes will pay interest semi-annually and will be convertible at the
option of the holder into shares of the Company’s Class A common stock.
The Notes will mature on December 1, 2018, unless earlier repurchased or
converted. The Company will not have the right to redeem the Notes prior
to maturity. The interest rate, conversion rate and other terms of the
Notes will be determined at the time of the pricing of the offering.
The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for general corporate purposes.
The Notes, and the shares of the Company’s Class A common stock issuable
upon conversion of the Notes, have not been and will not be 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, or the shares of the Company’s Class A common stock issuable upon
conversion 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.