Air Lease to sell fixed-rate notes in two parts via four bookrunners

By Devika Patel

Knoxville, Tenn., Jan. 8 – Air Lease Corp. expects to price fixed-rate senior notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes, due in 2021 and 2025, feature a par call for the 2021 notes and a make-whole call until two months prior to maturity for the 2025 notes, and then a par call.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Societe Generale and Wells Fargo Securities LLC are the bookrunners.

BMO Capital Markets Corp., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Commonwealth Bank of Australia, Fifth Third Securities Inc., Goldman Sachs & Co., ICBC Standard Bank plc, KeyBanc Capital Markets Inc., Lloyds Securities, Loop Capital Markets LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, MUFG, RBC Capital Markets Corp., Stifel, Nicolaus & Co. Inc. and SunTrust Robinson Humphrey Inc. are joint lead managers.

Proceeds will be used for general corporate purposes, including purchasing commercial aircraft and debt repayment.

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

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