Air Lease Corporation (ALC) said it has amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent. The company said it has extended the final maturity date of the facility from May 5 2026 to May 5 2027 and amended the total revolving commitments to approximately $7.2bn across 49 financial institutions, as of May 5 2023.
The senior unsecured revolving credit facility accrues interest at adjusted term SOFR plus a margin of 1.05% per year with a 0.20% facility fee, each subject to adjustments based on the company’s credit ratings, ALC said.
"We’d like to thank our bank partners for their continued support,” said Gregory B. Willis, executive vice president and chief financial officer of Air Lease Corporation (ALC).
“The ongoing success of this facility reflects ALC’s strong investment grade credit metrics and platform, and it remains a key component of our cost-efficient funding strategy," Willis added.
