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
Outlook Stable Stable Stable
Long-Term Issuer Rating A- BBB BBB
Corporate Rating A- BBB BBB
Preferred Stock BBB BB+ BB+

Primary Funding Sources

$4.6 billion Committed Revolving Credit Facility – final maturity May 5, 2022

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

Issuance of Senior Unsecured Notes

  • Over $16 billion of senior notes issued since 2010


Additional Funding Sources

  • Bank term loan facilities
  • Bilateral credit facilities
  • Asset backed securities

Debt Financing

The Company’s debt financing was comprised of the following at December 31, 2018 (dollars in thousands):

Unsecured
Senior Notes 10,043,445
Term Financings 607,340
Revolving Credit Facility 602,000
Total Unsecured Debt Financing 11,252,785
Secured
Term Financings 371,203
Export Credit Financing 38,265
Total Secured Debt Financing 409,468
Total
Total Debt Financing 11,662,253
Less: Debt discounts and issuance costs (123,348)
Debt Financing, Net of Discounts and Issuance Costs $ 11,538,905

Senior Unsecured Note Issuances Currently Outstanding

Link to Prospectus (CUSIP) Issued Amount ($MM) Coupon Issue Date Maturity
00912XAU8 $500 2.125% 10/03/2016 01/15/2020
00912XAJ3 $400 4.750% 02/05/2013 03/01/2020
00912XAZ7 $550 2.500% 01/16/2018 03/01/2021
00912XAM6 $500 3.875% 03/11/2014 04/01/2021
00912XAS3 $600 3.375% 04/11/2016 06/01/2021
00912XBE3 $700 3.500% 09/17/2018 01/15/2022
00912XAQ7 $600 3.750% 01/14/2015 02/01/2022
00912XAW4 $600 2.625% 06/12/2017 07/01/2022
00912XAX2 $600 2.750% 11/20/2017 01/15/2023
00912XBC7 $500 3.875% 06/18/2018 07/03/2023
00912XAT1 $750 3.000% 08/15/2016 09/15/2023
00913BAA9 $25 4.850% 01/22/2014 02/01/2024
00914AAA0 $700 4.250% 01/23/2019 02/01/2024
00912XAN4 $500 4.250% 09/16/2014 09/15/2024
00912XBA1 $700 3.250% 01/16/2018 03/01/2025
00912XAV6 $500 3.625% 03/08/2017 04/01/2027
00912XAY0 $500 3.625% 11/20/2017 12/01/2027
00912XBF0 $500 4.625% 09/17/2018 10/01/2028

Preferred Equity Currently Outstanding

Link to Prospectus (CUSIP) Security Symbol Issued Amount ($MM) Dividend Issue Date Maturity
00912X500 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
Assistant 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
Manager, Media and Investor Relations
Air Lease Corporation
2000 Avenue of the Stars, 1000N
Los Angeles, CA 90067
USA
Phone: +1 310.553.0555
Fax: +1 310.553.0999