Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $7.0 Billion
April 26 2022 - 6:39PM
Business Wire
Air Lease Corporation (NYSE: AL) amended and extended its senior
unsecured revolving credit facility with JPMorgan Chase Bank, N.A.,
as administrative agent, whereby the company extended the final
maturity date of the facility from May 5, 2025 to May 5, 2026 and
increased the total revolving commitments to approximately $7.0
billion from $6.8 billion, across 52 financial institutions as of
May 5, 2022. The senior unsecured revolving credit facility accrues
interest at adjusted term SOFR plus a margin of 1.05% per year with
a 0.20% facility fee, each subject to adjustments based on the
company’s credit ratings.
“We are pleased to announce the extension of our senior
unsecured revolving credit facility by one year to 2026 and upsize
of the facility to $7.0 billion,” said Gregory B. Willis, Executive
Vice President and Chief Financial Officer of Air Lease
Corporation. “The success of this facility is reflective of ALC’s
investment grade credit metrics and the strength of our platform,
and we appreciate the continued support of our lender group. This
credit facility remains a foundational component of ALC’s funding
strategy, providing us with a highly cost efficient and flexible
financing tool to support the continued expansion of our
fleet.”
Forward-Looking Statements
This press release contains 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)
ALC is a leading 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 customers worldwide through customized aircraft leasing and
financing solutions. ALC routinely posts information that may be
important to investors in the “Investors” section of ALC’s website
at www.airleasecorp.com. Investors and potential investors are
encouraged to consult the ALC website regularly for important
information about ALC. The information contained on, or that may be
accessed through, ALC’s website is not incorporated by reference
into, and is not a part of, this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220426006299/en/
Investors:
Jason Arnold Assistant Vice President, Finance Email:
investors@airleasecorp.com
Media:
Laura Woeste Senior Manager, Media and Investor Relations Email:
press@airleasecorp.com
Ashley Arnold Manager, Media and Investor Relations Email:
press@airleasecorp.com
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