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Stock impact report

Air Lease Corporation Increases Unsecured Revolving Credit Facility to $5.8 Billion

Air Lease Corporation Class A (AL) 
Last air lease corporation class a earnings: 2/14 04:05 pm Check Earnings Report
US:NYSE Investor Relations: airleasecorp.com/investors
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) (“ALC” or 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 of the substantial majority of the revolving commitments from May 5, 2022 to May 5, 2023 and, after giving effect to commitments that matured on May 5, 2019, increased total revolving commitments to approximately $5.8 billion from $4.6 billion, across 50 financial institutions. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 105 basis points with a 20 basis point facility fee, each subject to adjustments based on changes in the Company’s credit ratings. “We are pleased to announce the extension and upsize of our revolving credit Show less Read more
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