trending Market Intelligence /marketintelligence/en/news-insights/trending/3prm9Oe182M3F4L5LE9x1A2 content esgSubNav
In This List

Air Lease completes public offering of senior notes

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Air Lease completes public offering of senior notes

Air Lease Corp.on April 11 consummated a public offering of $600 million aggregate principal amountof its 3.375% senior notesdue June 1, 2021.

The company intends to use the net proceeds of approximately$590 million for general corporate purposes, which may include the purchase of commercialaircraft and the repayment of existing debt, according to a Form 8-K filed April11. Affiliates of the underwriters in the offering may receive a portion of thenet proceeds to the extent the company uses any net proceeds to repay debt underwhich certain of such underwriters or their affiliates are lenders. Pending anyspecific application, the company may temporarily invest the net proceeds in short-terminvestments, including marketable securities.

The company may redeem all or part of the notes at any time andfrom time to time prior to maturity at a purchase price equal to 100% of the principalamount of the notes plus an applicable premium and accrued and unpaid interest,if any, to the redemption date.