Air Lease increases revolver to $7 billion, extends one extra year

Chicago, April 26 – Air Lease Corp. amended and extended its senior revolving credit facility with JPMorgan Chase Bank, NA as administrative agent, according to a press release.

The total revolving commitments are now $7 billion, raised from $6.8 billion.

The maturity date is amended to May 5, 2026, one year from the previous May 5, 2025 maturity date.

Interest will be term SOFR plus 105 basis points. The facility fee is 20 bps, subject to adjustment based on the company’s credit ratings.

Air Lease is a Los Angeles aircraft leasing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.