Air Lease Corp. priced its public offering of $750 million of 3.750% senior unsecured medium-term notes due June 1, 2026.

Interest will be paid semiannually in arrears on June 1 and Dec. 1 of each year, starting Dec. 1. The offering is expected to close May 23.

Net proceeds will be used for general corporate purposes, including the purchase of commercial aircraft and the repayment of existing debt.

BofA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets LLC are the joint book-running managers for the offering.