Air Lease Corp. on Jan. 7 priced its public offering of $750.0 million of 2.30% senior unsecured medium-term notes due Feb. 1, 2025, and $650.0 million of 3.00% senior unsecured medium-term notes due Feb. 1, 2030.
Interest on the notes will be paid semiannually in arrears on Feb. 1 and Aug. 1 of each year, starting Aug. 1.
The sale of the notes is expected to close Jan. 14. Net proceeds from the offering will be used for general corporate purposes, including the purchase of commercial aircraft and the repayment of existing debt.
BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are serving as joint book-running managers for the offering.