Air Lease Notes its ‘Robust Liquidity’ in Response to Bloomberg Report
MAR 16, 2020 - 6:40 am
Air Lease has noted a report by Bloomberg News regarding the planned utilization of its senior unsecured revolving credit facility.
According to a statement issued by Air Lease, it currently has no utilization on its revolver, and as it has done in the past, it will utilize the revolver in the normal course of business.
Air Lease noted that it sees no current need to fully draw down on the revolver due to its strong liquidity position. The company has a substantial amount of liquidity including more than $6.0 billion in unutilized lines of credit and cash, $20 billion in unencumbered assets and is below its debt to equity target of 2.5x.
“Air Lease Corporation has maintained a strong balance sheet and robust liquidity, and we believe we are well positioned to manage the current market environment,” said Gregory B. Willis, executive vice president and chief financial officer.
Is it too late to heal the cancer created by mishandled early payoffs? Early payoffs are living entities in the organization of equipment finance. They show dynamic patterns based on the interaction of the hosts: vendors, brokers and lenders. Observing... read more
The top five players in the Monitor 101+ ranking — a captive, two bank affiliates and two independents — commanded 30% of the total market share and contributed 20.4% of the collective total new business volume of the Monitor 101+... read more