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Air Lease closes senior notes offering

Air LeaseCorp. has closed its public offering of $500 million of its 2.125% senior notes dueJan. 15, 2020.

Interest on the notes is payable Jan. 15 and July 15 of eachyear, beginning Jan. 15, 2017.

Net proceeds from the offering are about $495.3 million,after deducting the underwriting discount and estimated offering expensespayable by the company.

The company plans to use the net proceeds from the offeringfor general corporate purposes, which may include the purchase of commercialaircraft and the repayment of existing debt.