Air Lease Closes $400MM Unsecured Term Loan Facility

Air Lease closed a new $400 million unsecured term loan facility with a final maturity in 2027. The proceeds of the loan will be used for general corporate purposes.

Sumitomo Mitsui Trust Bank, Limited, New York Branch acted as the mandated lead arranger and bookrunner on the transaction. In addition to Sumitomo Mitsui Trust Bank, Limited, China Construction Bank, New York branch and Industrial and Commercial Bank of China Limited, New York branch acted as mandated lead arrangers and CaixaBank, S.A., Apple Bank for Savings and The Chugoku Bank, Ltd. served as participants.

“We are pleased to announce the successful closing of this $400 million unsecured term loan facility supported by a syndicate of global banking partners across Asia, Europe and North America,” Daniel Verwholt, senior vice president & treasurer of Air Lease, said. “The transaction provides a diversified source of financing for ALC and further reflects the depth of our banking relationships. We thank the lenders for their support and long-term confidence in ALC. Coupled with our $700 million fixed-rate senior unsecured notes offering which closed earlier this week, this transaction further bolsters ALC’s liquidity profile at cost efficient rates.”

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