Air Lease Corporation Announces Pricing for a Public Offering of $700.0 million of Senior Unsecured Medium Term Notes
Air Lease Corporation (NYSE : AL) announced the pricing of its public offering of $700.0 Million aggregate principal amount of 5.30% senior unsecured mid-term notes due February 1, 2023.
Air Lease Corporation (NYSE: AL) announced the pricing of its public offering of $700.0 Million aggregate principal amount of 5.30% senior unsecured medium-term notes due February 1, 2028 (the “Notes”) on January 9, 2023. The Notes will close subject to satisfying all customary closing conditions.
The Company plans to use the net proceeds from the offering for general corporate purposes. This could include the purchase of commercial aircraft or the repayment of existing debts.
For the Notes offering, Citigroup Global Markets Inc., Fifth Third Securities, Inc., Lloyds Securities, Inc., RBC Capital Markets, LLC, and Santander Investment Securities Inc. will be acting as joint book-running managers.
The Company's effective shelf registration statement (the "SEC") filed on May 7, 2021, is being used to offer the Notes. The prospectus supplement dated 5/7/2021 is used to offer the Notes.
It supplements the base prospectus, which was filed on May 7, 2021. Any additional prospectus or pricing supplements that the Company may file with SEC may also be used. For more information about the Company and the offering, you should carefully read the prospectus supplement, base prospectus, and any other documents that the Company may file with SEC.
These documents can be accessed free of charge by visiting EDGAR at the SEC's site at www. sec. gov. You can also obtain copies from (i) Citigroup International Markets Inc. toll-free at (800) 831-9146, (ii), Fifth Third Securities, Inc. at (800) 416-88714), (iii), Lloyds Securities Inc. at (+1 (866-471-2256), (iv), RBC Capital Markets, LLC at (+1 (866-375-6829), or (v) Santander Investment Securities Inc.
This press release is not an offer to sell the Notes or the solicitation thereof. Nor shall there be any sale in any state or jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration or qualification under any securities laws.
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act (1996). These statements include statements regarding the expected closing of this offering and the intended use of proceeds. These statements are based on current expectations and projections regarding the Company's future results and prospects. They do not guarantee future performance.
These statements will not be updated unless legally required. Actual results and performance could differ materially from those projected or expressed in forward-looking statements because of a variety of factors, including unexpected delays in closing the Notes, unanticipated cash requirements, and those risks detailed within the Company's filings to the SEC, such as the Annual Report on Form 10K for the fiscal year ending December 31, 2021, and the Quarterly Report On Form 10-Q for March 31, 2022.pr