By Lisa Kerner
Charlotte, N.C., June 8 - Air Lease Corp. announced it issued $120 million of five-year 5% senior notes in a private placement to institutional investors.
Proceeds will be used to fund future fleet acquisitions, chief financial officer Jim Clarke said in a company news release.
The issuance constitutes the first time the Los Angeles-based aircraft leasing company has obtained long-term unsecured financing under the Securities and Exchange Commission's Regulation D in a private placement to institutional investors, the news release said.
| Issuer: | Air Lease Corp.
|
| Issue: | Senior notes
|
| Amount: | $120 million
|
| Maturity: | June 6, 2016
|
| Coupon: | 5%
|
| Distribution: | Private placement
|
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