Air Lease talks three-year notes at 190 bps area over Treasuries

By Aleesia Forni

Virginia Beach, Aug. 11 – Air Lease Corp. plans to sell a benchmark offering of three-year senior notes (BBB-), according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The notes are talked in the area of Treasuries plus 190 basis points.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Wells Fargo Securities LLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Fifth Third Securities Inc., Lloyds Securities, MUFG, Naxitis, RBC Capital Markets LLC, Santander, and SunTrust Robinson Humphrey Inc. are the underwriters.

Proceeds will be used for general corporate purposes, which may include the purchase of commercial aircraft and the repayment of debt.

Air Lease is a Los Angeles-based aircraft leasing company.

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