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.

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

Primary Funding Sources

$6 billion Committed Revolving Credit Facility – final maturity May 5, 2023

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

Issuance of Senior Unsecured Notes

  • Over $18 billion of senior notes issued since 2010


Additional Funding Sources

  • Bank term loan facilities
  • Bilateral credit facilities

Debt Financing

The Company’s debt financing was comprised of the following at June 30, 2020 (dollars in thousands):

Unsecured
Senior Notes 13,509,411
Term Financings 972,625
Revolving Credit Facility
Total Unsecured Debt Financing 14,482,036
Secured
Term Financings 298,552
Export Credit Financing 28,283
Total Secured Debt Financing 326,835
Total
Total Debt Financing 14,808,871
Less: Debt discounts and issuance costs (169,826)
Debt Financing, Net of Discounts and Issuance Costs $ 14,639,045

Senior Unsecured Note Issuances Currently Outstanding

Issued Amount ($MM) Coupon Issue Date Maturity
$550 2.500% 01/16/2018 03/01/2021
$500 3.875% 03/11/2014 04/01/2021
$600 3.375% 04/11/2016 06/01/2021
$300 3m Libor + 0.67% 06/03/2019 06/03/2021
$700 3.500% 09/17/2018 01/15/2022
$600 3.750% 01/14/2015 02/01/2022
$600 2.625% 06/12/2017 07/01/2022
$600 2.750% 11/20/2017 01/15/2023
$600 2.250% 09/09/2019 01/15/2023
$500 3.875% 06/18/2018 07/03/2023
$750 3.000% 08/15/2016 09/15/2023
$25 4.850% 01/22/2014 02/01/2024
$700 4.250% 01/23/2019 02/01/2024
$500 4.250% 09/16/2014 09/15/2024
CAD $400 2.625% 12/05/2019 12/05/2024
$750 2.300% 01/14/2020 02/01/2025
$700 3.250% 01/16/2018 03/01/2025
$850 3.375% 06/17/2020 07/01/2025
$700 2.875 08/10/2020 01/15/2026
$750 3.750% 05/23/2019 06/01/2026
$500 3.625% 03/08/2017 04/01/2027
$500 3.625% 11/20/2017 12/01/2027
$500 4.625% 09/17/2018 10/01/2028
$500 3.250% 09/09/2019 10/01/2029
$650 3.000% 01/14/2020 02/01/2030

Preferred Equity Currently Outstanding

Security Symbol Issued Amount ($MM) Dividend Issue Date Maturity
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A AL PRA $250 6.15% 2/26/2019 Perpetual (callable on or after 3/15/2024)
Other Contacts
Investor Relations
Mary Liz DePalma
Vice President, Investor Relations
Jason Arnold
Assistant Vice President, Finance
Phone: +1 310.553.0555
Fax: +1 310.553.0999
Shareowner Account Matters
American Stock Transfer is Air Lease Corporation's transfer agent and administers all matters related to stock that is directly registered with Air Lease Corporation.
American Stock Transfer & Trust Company, LLC
Phone: 877.833.6643
Media Relations
Laura Woeste
Senior Manager, Media and Investor Relations
Ashley Arnold
Manager, Media & Investor Relations
Phone: +1 310.553.0555
Fax: +1 310.553.0999