Air Lease Corporation Announces Pricing of Public Offering of $750 Million of 3.00% Unsecured Senior Notes due 2023
August 08 2016 - 6:22PM
Business Wire
Air Lease Corporation (NYSE: AL) (the “Company”) today announced
the pricing of its public offering of $750 million aggregate
principal amount of 3.00% unsecured senior notes due 2023 (the
“Notes”). The Notes were offered to the public at a price of
98.658% of their face amount. The sale of the Notes is expected to
close on August 15, 2016, subject to satisfaction of customary
closing conditions.
The Notes will mature on September 15, 2023 and will bear
interest at a rate of 3.00% per annum, payable semi-annually in
arrears on March 15 and September 15 of each year, commencing on
March 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.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho
Securities USA Inc. 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) Citigroup Global
Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717 or by calling 1 (800)
831-9146; (ii) J.P. Morgan Securities LLC at 383 Madison Avenue,
New York, New York 10179 or by calling collect at 1 (212) 834-4533;
(iii) 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; or (iv) Mizuho Securities USA Inc. at 320
Park Avenue, 12th Floor, New York, New York 10022 or by calling 1
(866) 271-7403.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160808006339/en/
Investors:Air Lease CorporationRyan McKenna, 310-553-0555Vice
Presidentrmckenna@airleasecorp.com
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