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AL - Air Lease prices $1.2B senior unsecured notes offering
Air Lease Corporation Class A
Air Lease (AL) priced its public offering of $1.2B principal amount of 1.875% senior unsecured medium-term notes due August 15, 2026.Sale of the notes expected to close on May 24.The notes will mature on Aug. 15, 2026 and will bear interest of 1.875% annually, payable semi-annually commencing Feb.15, 2022.Net proceeds to be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.