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Air Lease Corporation declared on March 20, 2024, the launch of its €600 million senior unsecured medium-term notes offering, carrying a 3.70% interest rate, with a maturity date set for April 15, 2030. The anticipated completion date for the notes sale is March 27, 2024, contingent upon the fulfillment of standard closing criteria.

These notes will reach maturity on April 15, 2030, and interest will be paid at an annual rate of 3.70%, with payments made yearly in arrears starting from April 15, 2024. Noteholders will be paid in Euros.

The net proceeds from this offering will be used by the Company for various corporate purposes. This may include purchasing commercial aircraft and paying off current debts.

The offering’s joint book-running managers include BBVA, Deutsche Bank, J.P. Morgan, NatWest Markets, and Societe Generale.

The post Air Lease to Boost Fleet Expansion and Debt Repayment through €600M Senior Notes Sale appeared first on Travel And Tour World.

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