Oct 4, 2012

Air Lease Closes Addl. Offering Of $50 Mln Of 4.50% Senior Notes Due 2016

Air Lease Corp. (AL) announced that it has closed its offering of an additional $50 million aggregate principal amount of 4.50% senior unsecured notes due 2016. 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 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 noted that it intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.