Air Lease Corporation (ALC) has amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2027, to May 5, 2028, and amended the total revolving commitments to approximately $7.8 billion from $7.4 billion across 52 financial institutions as of May 5, 2024.
""This revolving credit facility remains a key component of our funding strategy, and its continued expansion reflects the strength of ALC’s platform and credit metrics,"" said ALC executive vice president and chief financial officer Gregory Willis. ""We would like to offer our sincere appreciation to our financial partners for their continued support.""
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 increases senior unsecured revolving credit facility to $7.7bn
