By Jennifer Chiou
New York, March 4 - Air Lease Corp. announced the pricing of $76.53 million of 1.617% secured notes due 2024 guaranteed by the Export-Import Bank of the United States (Ex-Im Bank). ALEX Alpha, LLC is the issuer.
Settlement is anticipated for March 11.
Proceeds are earmarked for refinancing a portion of the purchase price of two Boeing 737-800 aircraft and to finance the related premium charged by Ex-Im Bank for its guarantee,
J.P. Morgan and Citigroup are acting as joint bookrunning managers.
Air Lease is a Los Angeles aircraft leasing company.
| Issuer: | Air Lease Corp. (through ALEX Alpha, LLC)
|
| Issue: | Secured notes
|
| Guarantee: | Export-Import Bank of the United States
|
| Amount: | $76.53 million
|
| Maturity: | Aug. 15, 2024
|
| Coupon: | 1.617%, payable quarterly
|
| Bookrunners: | J.P. Morgan and Citigroup
|
| Trade date: | March 4
|
| Settlement date: | March 11
|
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