By Cristal Cody
Tupelo, Miss., May 24 – Air Lease Corp. priced $300 million of two-year floating-rate medium-term notes (BBB/BBB/Kroll: A-) on Friday at par to yield Libor plus 67 basis points, according to an FWP filed with the Securities and Exchange Commission.
Wells Fargo Securities LLC was the bookrunner.
Proceeds will be used to purchase commercial aircraft.
Air Lease is a Los Angeles-based aircraft leasing company.
| Issuer: | Air Lease Corp.
|
| Amount: | $300 million
|
| Description: | Series A floating-rate medium-term notes
|
| Maturity: | June 3, 2021
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | Libor plus 67 bps
|
| Price: | Par
|
| Yield: | Libor plus 67 bps
|
| Call feature: | None
|
| Change-of-control put: | 101%
|
| Trade date: | May 24
|
| Settlement date: | June 3
|
| Ratings: | S&P: BBB
|
| Fitch: BBB
|
| Kroll: A-
|
| Distribution: | SEC registered
|
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