Air Lease Corp. (AL: Quote) said Tuesday that it plans to commence a public offering of $400.0 million in aggregate principal amount of senior unsecured notes due 2020.
The interest rate and other terms of the notes will be determined at the time of the pricing of the offering and will depend on market and other conditions.
The company said it plans to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes, including reducing outstanding obligations under one of its revolving credit facilities.
BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, BMO Capital markets, Citigroup, Credit Suisse Securities, RBC Capital Markets, RBS, and Wells Fargo Securities are acting as joint book-running managers for the offering of the notes.
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by RTT Staff Writer
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