LOS ANGELES, California, June 17, 2020 — Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on June 17, 2020 of its public offering of $850.0 million aggregate principal amount of 3.375% senior unsecured medium-term notes due July 1, 2025 (the “Notes”). The sale of the Notes is expected to close on June 24, 2020, subject to satisfaction of customary closing conditions.
The Notes will mature on July 1, 2025 and will bear interest at a rate of 3.375% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2021. 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.
BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Notes.
The Notes are being offered pursuant to the Company’s effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2018, as amended by the Post-Effective Amendment No. 1, filed with the SEC on November 20, 2018. The offering of the Notes is being made only by means of the prospectus supplement dated November 20, 2018, supplementing the base prospectus dated November 20, 2018, as may be further supplemented by any free writing prospectus and/or pricing supplements the Company may file with the SEC. Before you invest, you should read the base prospectus, prospectus supplement and any other documents the Company may file 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) BofA Securities, Inc. toll-free at (800) 294-1322, or by e-mail at email@example.com, (ii) J.P. Morgan Securities LLC collect at (212) 834-4533, (iii) MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or (iv) Wells Fargo Securities, LLC toll-free at 1 (800) 645-3751.