Air Lease prices $1.2B senior unsecured notes offering

• Air Lease (NYSE:AL) priced its public offering of $1.2B principal amount of 1.875% senior unsecured medium-term notes due August 15, 2026.
• Sale of the notes expected to close on May 24.
• The notes will mature on Aug. 15, 2026 and will bear interest of 1.875% annually, payable semi-annually commencing Feb.15, 2022.
• Net proceeds to be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.