LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE: AL) has amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, NA, as administrative agent, under which the company has extended the date of facility’s final maturity from May 5, 2025 to May 5, 2026 and increased total revolving commitments to approximately $7.0 billion, from $6.8 billion, across 52 financial institutions as of May 5, 2022. senior unsecured revolving credit facility bears interest at the SOFR adjusted term plus a margin of 1.05% per annum with a 0.20% service charge, each subject to adjustments based on the credit ratings of the ‘business.
“We are pleased to announce the one-year extension of our senior unsecured revolving credit facility through 2026 and the increase of the facility to $7.0 billion,” said Gregory B. Willis. , Executive Vice President and Chief Financial Officer of Air Lease Corporation. “The success of this facility reflects ALC’s investment-grade credit metrics and the strength of our platform, and we appreciate the continued support of our group of lenders. This credit facility remains a fundamental part of ALC’s financing strategy, providing us with a very efficient and flexible financing tool to support the continued expansion of our fleet.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. These statements will not be updated except as required by law. Actual results and performance may differ materially from those expressed or anticipated in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
About Air Lease Corporation (NYSE:AL)
ALC is a leading aircraft leasing company based in Los Angeles, California with airlines worldwide. ALC and its team of dedicated and experienced professionals are primarily dedicated to purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC regularly posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to periodically check ALC’s website for important information about ALC. Information contained on or accessible through ALC’s website is not incorporated by reference into, and does not form part of, this press release.