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Air Lease prices senior notes offering

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Air Lease prices senior notes offering

Air Lease Corp. on Sept. 10 priced a public offering of two series of its unsecured senior notes.

The company is offering $700 million aggregate principal amount of its 3.500% unsecured senior notes due Jan. 15, 2022. Interest on the notes will be payable semiannually in arrears on Jan. 15 and July 15 of each year, beginning Jan. 15, 2019.

The company is also offering $500 million aggregate principal amount of its 4.625% unsecured senior notes due Oct. 1, 2028. Interest on the notes will be payable semiannually in arrears on April 1 and Oct. 1 of each year, beginning April 1, 2019.

The company plans to use the net proceeds for general corporate purposes, including purchasing commercial aircraft and repaying debt.

The sale of the notes is expected to close Sept. 17.

J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Wells Fargo Securities LLC are acting as joint book-running managers for the offering.