Air Lease Corporation Announces Proposed Offering of $500 Million of Senior Notes due 2017
March 13 2012 - 7:17AM
Business Wire
Air Lease Corporation (NYSE: AL) (the “Company”) today announced
that it intends to offer $500 million aggregate principal amount of
senior notes due 2017 (the “Notes”) in an offering exempt from
registration under the Securities Act of 1933, as amended (the
“Securities Act”). The Notes will be offered 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 interest 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 other general
corporate purposes.
In connection with the offering of the Notes, the Company will
agree, subject to certain conditions, to file a registration
statement relating to a registered offer to exchange the Notes for
new registered notes having substantially identical terms as the
Notes.
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.
Forward-Looking Statements
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.
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