Air Lease Increases Credit Facility to $7B



Air Lease will increase its senior unsecured revolving credit facility to approximately $7 billion from $6.8 billion, across 52 financial institutions, on May 5. Air Lease will also extend the final maturity date of the facility from May 5, 2025, to May 5, 2026. JPMorgan Chase Bank is the administrative agent for the facility. 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 Air Lease’s credit ratings.

“We are pleased to announce the extension of our senior unsecured revolving credit facility by one year to 2026 and upsize of the facility to $7.0 billion,” Gregory B. Willis, executive vice president and CFO of Air Lease, said. “The success of this facility is reflective of ALC’s investment grade credit metrics and the strength of our platform, and we appreciate the continued support of our lender group. This credit facility remains a foundational component of ALC’s funding strategy, providing us with a highly cost efficient and flexible financing tool to support the continued expansion of our fleet.”


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com