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Debt Overview

Air Lease’s financing objective is to ensure the availability of capital resources on an ongoing basis to meet the funding requirements of our business, most importantly the acquisition of new, modern aircraft from our order book. Achieving and maintaining strong investment grade credit ratings has been a priority of Air Lease management since inception of the company in 2010, and our investment grade ratings continue to play a key role in our ability to access diverse sources of capital.

Debt Class Kroll S&P Fitch
Long-Term Issuer Rating A- BBB BBB
Corporate Rating A- BBB BBB
Preferred Stock BBB BB+ BB+
Outlook Stable Stable Stable

Primary Funding Sources

$7.8 billion Committed Revolving Credit Facility – final maturity May 5, 2028

  • Syndicate includes over 50 banking institutions 
  • Available for general corporate purposes

Issuance of Senior Unsecured Securities 

  • Over $30 billion of senior unsecured securities issued since 2010


Additional Funding Sources

  • Bank term loan facilities
  • Bilateral credit facilities

Debt Financing

The Company’s consolidated debt (dollars in thousands) as of June 30, 2024 is summarized below:

Unsecured
Senior Unsecured Securities 17493000
Term Financings 2004000
Revolving Credit Facility 90000
Total Unsecured Debt Financing 19,587,000
Secured
Term Financings 94000
Export Credit Financing 197000
Total Secured Debt Financing 291,000
Total
Total Debt Financing 19,878,000
Less: Debt discounts and issuance costs (199,000)
Debt Financing, Net of Discounts and Issuance Costs $ 19,679,000

Senior Unsecured Securities

ISIN / Link to Prospectus or
Pricing Supplement
Type Coupon Currency Notional (M) Issue Date Maturity Date

CA00912XBH67

Senior - Callable 2.625% CAD 400 12/05/2019 12/05/2024

US00914AAF93

Senior - Callable 2.30% USD 750 01/14/2020 02/01/2025

US00912XBA19

Senior - Callable 3.25% USD 700 01/16/2018 03/01/2025

US00914AAH59

Senior - Callable 3.375% USD 850 06/24/2020 07/01/2025

US00914AAJ16

Senior - Callable 2.875% USD 1,450 08/17/2020 01/15/2026

US00914AAB89

Senior - Callable 3.75% USD 750 05/23/2019 06/01/2026

US00914AAW27

Senior 5.30% USD 600 06/25/2024 06/25/2026

US00914AAM45

Senior - Callable 1.875% USD 1,200 05/24/2021 08/15/2026

US00914AAR32

Senior - Callable 2.20% USD 750 01/12/2022 01/15/2027

US00912XAV64

Senior - Callable 3.625% USD 500 03/08/2017 04/01/2027

US00912XAY04

Senior - Callable 3.625% USD 500 11/20/2017 12/01/2027

US00914AAT97

Senior - Callable 5.85% USD 700 12/05/2022 12/15/2027

US00914AAU60

Senior - Callable 5.30% USD 700 01/13/2023 02/01/2028

US00914QAA58

XS2567397711

Sukuk* 5.85% USD 600 03/15/2023 04/01/2028

CA00912XBP83
(Initial Issuance)

CA00912XBP83 
(Qualified Re-opening)

Senior - Callable 5.40% CAD 900 11/29/2023 06/01/2028

US00914AAQ58

Senior - Callable 2.10% USD 500 08/18/2021 09/01/2028

US00912XBF06

Senior - Callable 4.625% USD 500 09/17/2018 10/01/2028

US00914AAV44

Senior - Callable 5.10% USD 500 01/24/2024 03/01/2029

US00914AAE29

Senior - Callable 3.25% USD 500 09/16/2019 10/01/2029

US00914AAG76

Senior - Callable 3.00% USD 650 01/14/2020 02/01/2030

XS2628704210

Senior - Callable 3.70% EURO 600 03/27/2024 04/15/2030

US00914AAK88

Senior - Callable 3.125% USD 750 11/24/2020 12/01/2030

US00914AAW27

Senior - Callable 5.20% USD 600 06/25/2024 07/15/2031

US00914AAS15

Senior - Callable 2.875% USD 750 01/12/2022 01/15/2032

*Air Lease issued $600 million in aggregate principal amount of 5.85% trust certificates due 2028 in a Sukuk financing.

Sukuk $600M LSE Documentation:

Preferred Equity Currently Outstanding

Security Notional ($M) Dividend Issue Date Maturity
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A 250 3-Month Term SOFR + 3.65%* 2/26/2019 Perpetual (callable on or after 3/15/2024)
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B 300 4.65% 02/23/2021 Perpetual (callable on or after 6/15/26)
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C 300 4.125% 10/13/2021 Perpetual (callable on or after 12/15/26)

*3-Month Term SOFR includes a credit spread adjustment of 0.10%

Other Contacts

Investor Relations

Jason Arnold
Vice President, Investor Relations
Phone: +1 310.553.0555
Fax: +1 310.553.0999

Shareowner Account Matters

Equiniti Trust Company, LLC is Air Lease Corporation's transfer agent and administers all matters related to stock that is directly registered with Air Lease Corporation.
Equiniti Trust Company, LLC
Phone: 800.468.9716

Media Relations

Laura Woeste
Senior Manager, Media and Investor Relations
Ashley Arnold
Senior Manager, Media and Investor Relations
Phone: +1 310.553.0555
Fax: +1 310.553.0999