Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility
April 25 2023 - 6:38PM
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, 2026 to May 5, 2027 and
amended the total revolving commitments to approximately $7.2
billion across 49 financial institutions as of May 5, 2023. 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 2027, and we’d
like to thank our bank partners for their continued support,” said
Gregory B. Willis, Executive Vice President and Chief Financial
Officer of Air Lease Corporation. “The ongoing success of this
facility reflects ALC’s strong investment grade credit metrics and
platform, and it remains a key component of our cost-efficient
funding strategy.”
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)
Air Lease Corporation is a leading global 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 new commercial
aircraft and leasing them to its airline customers worldwide
through customized aircraft leasing and financing solutions. The
company routinely posts information that may be important to
investors in the “Investors” section of its website at
www.airleasecorp.com. Investors and potential investors are
encouraged to consult Air Lease Corporation’s website regularly for
important information. 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/20230425006160/en/
Investors:
Jason Arnold Vice President, Investor Relations Email:
investors@airleasecorp.com
Media:
Laura Woeste Senior Manager, Media and Investor Relations Email:
press@airleasecorp.com
Ashley Arnold Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com
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