"With the closing of this transaction, Air Lease launched the Thunderbolt platform, which provides a strategic tool and capital solution for ALC to maintain our existing airline customer relationships into the midlife aircraft space. We developed an innovative earnout structure that aligns us with both the equity and bond investors to facilitate the sale and subsequent management of aircraft from ALC's fleet in a repeatable structure," said Ryan McKenna, Head of Strategic Planning of Air Lease Corporation. "The credit structure used for the issuance of the notes was consistent with the BBIRD issuance and is a continuation of a new benchmark standard for this market. The reception from the market was overwhelming and the A bonds were issued at the tightest spread ever for a post crisis aircraft ABS."BofA Merrill Lynch acted as Global Coordinator and BofA Merrill Lynch and Mizuho Securities acted as Joint Lead Structuring Agents and Joint Lead Bookrunners of the transaction. BNP Paribas and Citigroup also acted as a Joint Lead Bookrunners. Hughes Hubbard & Reed LLP advised Air Lease Corporation and the Issuers, and Milbank, Tweed, Hadley & McCloy LLP acted as counsel to the Joint Lead Structuring Agents. Important Notice Regarding the Issue The Notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. The Notes were not registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. [The Notes were offered in conformity with Irish national law and with Directive 2003/71/EC as amended and implemented into relevant national 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 Notes in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This press release shall not constitute an offer of the Notes to the public in any member state of the European Economic Area.
Important Notice Regarding Forward Looking StatementsCertain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to future operations. Words such as "expect(s)" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements. The Issuers can give no assurance that their expectations will be attained. There are important factors that could cause actual results, level of activity, performance or achievements to differ from the results, level of activity, performance or achievements expressed or implied in the forward looking statements. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release may not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Issuers expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Issuer's expectations with regard
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