Air Lease Corporation executed an amendment to its Bank Warehouse Facility. This facility, as amended, provides ALC with financing of up to $1bn. ALC is able to draw on the amended facility during an availability period that was extended to June 2015 with a subsequent 4 year term out option. The interest rate on the facility was reduced to LIBOR plus 2.25% on drawn balances (from LIBOR plus 2.50%) and reduced to 0.50% on undrawn balances (from 0.75%).
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
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Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada