{"id":751172,"date":"2023-04-25T18:44:17","date_gmt":"2023-04-25T22:44:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/air-lease-corporation-extends-7-2-billion-senior-unsecured-revolving-credit-facility\/"},"modified":"2023-04-25T18:44:17","modified_gmt":"2023-04-25T22:44:17","slug":"air-lease-corporation-extends-7-2-billion-senior-unsecured-revolving-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/air-lease-corporation-extends-7-2-billion-senior-unsecured-revolving-credit-facility\/","title":{"rendered":"Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility"},"content":{"rendered":"

<\/p>\n

Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–
\nAir Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2026 to May 5, 2027 and amended the total revolving commitments to approximately $7.2 billion 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\u2019s credit ratings.<\/p>\n

\n\u201cWe are pleased to announce the extension of our senior unsecured revolving credit facility by one year to 2027, and we\u2019d like to thank our bank partners for their continued support,\u201d said Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation. \u201cThe ongoing success of this facility reflects ALC\u2019s strong investment grade credit metrics and platform, and it remains a key component of our cost-efficient funding strategy.\u201d<\/p>\n

\nForward-Looking Statements<\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.<\/p>\n

\nAbout Air Lease Corporation (NYSE: AL)<\/p>\n

\nAir Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the \u201cInvestors\u201d section of its website at www.airleasecorp.com<\/a>. Investors and potential investors are encouraged to consult Air Lease Corporation\u2019s website regularly for important information. The information contained on, or that may be accessed through, ALC\u2019s website is not incorporated by reference into, and is not a part of, this press release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230425006160\/en\/<\/a><\/span><\/p>\n

\nInvestors:<\/p>\n

\nJason Arnold
\n
Vice President, Investor Relations
\n
Email: investors@airleasecorp.com<\/a><\/p>\n

\nMedia:<\/p>\n

\nLaura Woeste
\n
Senior Manager, Media and Investor Relations
\n
Email: press@airleasecorp.com<\/a><\/p>\n

\nAshley Arnold
\n
Senior Manager, Media and Investor Relations
\n
Email: press@airleasecorp.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Air Transport Aerospace Manufacturing Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility LOS ANGELES–(BUSINESS WIRE)– Air Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2026 to May 5, 2027 and amended the total revolving commitments to approximately $7.2 billion 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\u2019s credit ratings. \u201cWe are pleased to announce the extension of our senior unsecured revolving … <\/p>\n

Continue reading “Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751172","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAir Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-lease-corporation-extends-7-2-billion-senior-unsecured-revolving-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Air Lease Corporation Extends $7.2 Billion Senior Unsecured Revolving Credit Facility LOS ANGELES–(BUSINESS WIRE)– Air Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2026 to May 5, 2027 and amended the total revolving commitments to approximately $7.2 billion across 49 financial institutions as of May 5, 2023. 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