Air Lease amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent. Air Lease extended the final maturity date of the facility from May 5, 2026, to May 5, 2027, and amended the total revolving commitments to approximately $7.2 billion across 49 financial institutions as of May 5. The senior unsecured revolving credit facility accrues interest at adjusted term SOFR plus a margin of 1.05% per year with a 0.2% facility fee, each subject to adjustments based on the company’s credit ratings.
“We are pleased to announce the extension of our senior unsecured revolving credit facility by one year to 2027, and we’d like to thank our bank partners for their continued support,” Gregory B. Willis, executive vice president and CFO of Air Lease, said. “The ongoing success of this facility reflects ALC’s strong investment grade credit metrics and platform, and it remains a key component of our cost-efficient funding strategy.”
