Finance

ALC prices senior unsecured MTN offering

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ALC prices senior unsecured MTN offering
Air Lease Corporation (ALC) has priced its public offering of $600.0 million 5.30% senior unsecured medium-term notes (MTNs) due June 25, 2026 and $600.0 million aggregate principal amount of 5.20% senior unsecured medium-term notes due July 15, 2031. The sale of the notes is expected to close on June 25, 2024, subject to satisfaction of customary closing conditions. ALC intends to use the net proceeds of the offering for general corporate purposes, which may include the purchase of commercial aircraft and the repayment of existing indebtedness. BMO (only with respect to the 2026 Notes), BNP Paribas (only with respect to the 2031 Notes), BofA Securities, Fifth Third Securities (only with respect to the 2026 Notes), JPMorgan, KeyBanc (only with respect to the 2031 Notes), TD Securities (USA) (only with respect to the 2031 Notes), Truist Securities (only with respect to the 2026 Notes) and US Bancorp (only with respect to the 2026 Notes) are acting as joint bookrunners for the offering.