Air Lease Corporation has announced the pricing of its public offering of $500m in aggregate principal amount of 2.125% unsecured senior notes due in 2018, and $500m in aggregate principal amount of 4.250% unsecured senior notes due in 2024.
The 2018 Notes were offered to the public at a price of 99.650% of par and the 2024 Notes were offered to the public at a price of 99.196% of par.
The sale of the 2018 Notes and 2024 Notes is expected to close on September 16th, 2014, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.