Air Lease Corporation increases unsecured revolving credit facility to US$3.13bn

Air Lease Corporation (the Company)amended and extended its unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2019 to May 5, 2020 and increased total revolving commitments to US$3.13bn from US$2.78bn, across 39 financial institutions. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 125 basis points with a 25 basis point facility fee, subject to reductions based on improvements in the Company’s credit ratings. Under the Syndicated Unsecured Revolving Credit Facility, lenders hold revolving commitments totaling US$2.78bn that mature on May 5, 2020, with the remaining revolving commitments maturing prior to May 5, 2020.