Air Lease Corporation AL today announced the closing
of its previously announced offering of $450 million aggregate principal
amount of 4.50% senior unsecured notes due 2016 (the “Notes”). Due to market
demand, the offering was upsized to $450 million from a previously announced
offering size of $300 million. The Notes were sold in an offering exempt from
registration under the Securities Act of 1933, as amended (the “Securities
Act”), only to qualified institutional buyers and non-U.S. persons outside of
the United States in reliance upon Rule 144A and Regulation S, respectively,
under the Securities Act.
The Notes will mature on January 15, 2016 and will bear interest at a rate of
4.50% per annum, payable semi-annually in arrears on January 15 and July 15 of
each year, commencing on January 15, 2013.
The Company intends to use the proceeds of the offering to fund the
acquisition of commercial aircraft and for other general corporate purposes.
The Notes have not been registered under the Securities Act or applicable
state securities laws and, unless so registered, may not be offered or sold in
the United States, except pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable state
securities laws.
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