Air Lease Corporation issues $120 million in unsecured notes

Air Lease Corporation (ALC) has issued $120 million in Senior Unsecured Notes in a private placement to institutional investors. The notes contain a 5% coupon for a 5-year term with a maturity of June 6, 2016. The issuance constitutes the first time ALC has obtained long term unsecured financing under the SEC’s Regulation D in a private placement to institutional investors. “The issuance of these notes sends a strong signal from the investment community about ALC’s stated goal of tapping unsecured financing to fund our future fleet acquisitions,” said Jim Clarke, Senior Vice President and Chief Financial Officer of ALC.