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7.73215804530341E-05 0.000154643160906068 0.000231964741359322 0.000231964741359322 0.000309286321812356 7.73215804530341E-05 7.73215804530341E-05 0.000463929482718644
Stock impact report

KBRA Assigns A- Issuer and Senior Unsecured Debt Ratings to Sumisho Air Lease Corporation; Expects to Rate Senior Unsecured Notes Issuance A-

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
NEW YORK--(BUSINESS WIRE)--KBRA assigns issuer and senior unsecured debt ratings of A- to Takeoff Merger Sub Inc. (“Merger Sub”), an entity which will merge with Air Lease Corporation (NYSE: AL or “Air Lease”, a global aircraft leasing company based in Los Angeles, California) and be renamed Sumisho Air Lease Corporation (“SALC” or the company). The rating Outlook is Stable.KBRA expects to assign an A- rating to the senior unsecured notes expected to be issued by Merger Sub. Upon close of the AL acquisition and release of proceeds from escrow, proceeds from notes will be used (i) to pay a portion of the Air Lease acquisition consideration and related fees and expenses; (ii) to repay certain existing indebtedness; and (iii) for general corporate purposes.In addition, KBRA assigns issuer and senior unsecured debt ratings of A- to Sumisho Air Lease Finance Corporation (“SALFC”, the 100% owner of Merger Sub) as well as a rating of A- to the $1.0 billion senior unsecured term loan and Show less Read more
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