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Stock impact report

Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $7.8 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) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the company extended the final maturity date of the facility from May 5, 2027 to May 5, 2028 and amended the total revolving commitments to approximately $7.8 billion from $7.4 billion across 52 financial institutions as of May 5, 2024. The senior unsecured revolving credit facility accrues interest at adjusted term SOFR plus a margin of 1.05% per year with a 0.20% facility fee, each subject to adjustments based on the company’s credit ratings.“We are pleased to announce the extension of our senior unsecured revolving credit facility to 2028, and the upsize of the facility to $7.8 billion,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation. “This revolving credit facility remains a key component of our funding strategy, and its continued Show less Read more
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