Air Lease Corporation Extends $7.2 Billion Credit Facility Unsecured Senior Revolving Credit Facility
Air Lease Corporation amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, extending the facility’s final maturity date from May 5, 2026 to May 5, 2027 and increasing total revolving commitments across 49 financial institutions to approximately $7.2 billion as of May 5, 2023.
The senior unsecured revolving credit facility bears interest at the adjusted term SOFR plus a margin of 1.05% per year, with a facility charge of 0.20%, subject to change dependent on the company’s credit ratings.
According to the Private Securities Litigation Reform Act of 1995, this press release contains forward-looking statements. Such statements are based on current assumptions and predictions about our future results, prospects, and opportunities and are not guaranteed to be accurate.
Unless required by law, such representations will not be amended. Actual results and performance may differ considerably from those stated or projected in forward-looking statements owing to a variety of factors, including those mentioned in our SEC filings.
Air Lease Corporation, based in Los Angeles, California, is a leading global aircraft leasing corporation with airline customers all over the world.
ALC and its team of devoted and experienced experts primarily purchase new commercial aircraft and lease them to its airline customers globally via tailored aircraft leasing and finance solutions.
The company routinely posts material that may be of interest to investors on its website, www.airleasecorp.com, in the “Investors” area. Investors and potential investors should visit Air Lease Corporation’s website on a frequent basis for crucial information.
The information on or accessible through ALC’s website is not incorporated by reference into, and does not form part of, this press release.
