Air Lease extends revolver, increases commitments to $3.7 billion

By Tali Rackner

Minneapolis, May 3 – Air Lease Corp. amended and extended its unsecured revolving credit facility on Tuesday with administrative agent JPMorgan Chase Bank, NA, according to a press release.

The amendment extends the maturity date of the substantial majority of the revolving commitments to May 5, 2021 from May 5, 2020 and increases total revolving commitments to $3.7 billion from $3.5 billion.

The syndicated unsecured revolving credit facility remains priced at Libor plus 105 basis points with a 20 bps facility fee, each subject to adjustments based on changes in the company’s credit ratings.

Air Lease is a Los Angeles aircraft leasing company.

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