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Air Lease Corporation Announces Closing Of Its Additional Offering Of $50 Million Of 4.50% Senior Unsecured Notes Due 2016 For An Aggregate Notes Issuance Of $500 Million

Stocks in this article: AL

Air Lease Corporation (NYSE: AL) (the “Company”) today announced the closing of its previously announced offering of an additional $50 million aggregate principal amount of 4.50% senior unsecured notes due 2016 (the “Additional Notes”). The Additional Notes were sold at par plus accrued interest from September 26, 2012 in response to market demand following the Company’s completion of its offering of $450 million aggregate principal amount of 4.50% senior unsecured notes due 2016 on September 26, 2012. As a result, the Company has sold and issued $500 million aggregate principal amount of 4.50% senior unsecured notes due 2016. The Additional Notes were sold in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), only to qualified institutional buyers and non-U.S. persons outside of the United States in reliance upon Rule 144A and Regulation S, respectively, under the Securities Act.

The Additional Notes will mature on January 15, 2016 and will bear interest at a rate of 4.50% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2013. Interest on the Additional Notes will accrue from September 26, 2012.

The Company intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.

The Additional Notes have not been registered under the Securities Act or applicable state securities laws and, unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Additional Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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