Air Lease offers two tranches of notes via four bookrunners

By Devika Patel

Knoxville, Tenn., Nov. 13 – Air Lease Corp. expects to price fixed-rate senior notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes, due in 2023 and 2027, feature a make-whole call until one month prior to maturity for the 2023 notes and until three months prior to maturity for the 2027 notes, and then a par call.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Lloyds Securities and Mizuho Securities USA Inc. are the bookrunners.

BMO Capital Markets Corp., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Commonwealth Bank of Australia, Fifth Third Securities Inc., Goldman Sachs & Co., ICBC Standard Bank plc, KeyBanc Capital Markets Inc., Loop Capital Markets LLC, MUFG, RBC Capital Markets Corp., Societe Generale, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the co-managers.

Proceeds will be for general corporate purposes, including purchasing commercial aircraft and debt repayment.

Air Lease is a Los Angeles-based aircraft leasing company.

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