Air Lease Corporation AL (the “Company”) today announced that it
intends to commence a public offering of $400.0 million in aggregate principal
amount of senior unsecured notes due 2020 (the “Notes”). The interest rate and
other terms of the Notes will be determined at the time of the pricing of the
offering and will depend on market and other conditions.
The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for other general corporate purposes,
including reducing outstanding obligations under one of its revolving credit
facilities.
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