Air Lease Notes its ‘Robust Liquidity’ in Response to Bloomberg Report

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.

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