By Aleesia Forni
Virginia Beach, Jan. 17 - Air Lease Corp. sold $25 million of 4.85% senior medium-term notes (/BBB-/) due Feb. 1, 2024 at par via internet auction, according to a 424B2 filing with the Securities and Exchange Commission.
The series of eNotes may be reopened from time to time.
Macquire Capital is the program arranger and is joined by Goldman Sachs & Co. as the joint bookrunner manager.
Proceeds will be used for general corporate purposes.
Air Lease is a Los Angeles-based aircraft leasing company.
Issuer: | Air Lease Corp.
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Amount: | $25 million
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Description: | Senior unsecured medium-term notes
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Maturity: | Feb. 1, 2024
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Bookrunners: | Macquire Capital, Goldman Sachs & Co.
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Coupon: | 4.85%
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Price: | Par
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Yield: | 4.85%
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Make-whole call: | Treasuries plus 30 bps
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Trade date: | Jan. 16
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Settlement date: | Jan. 22
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Rating: | Standard & Poor's: BBB-
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