12 Nov 2013

Air Lease Corporation Announces Pricing of Public Offering of $700.0 Million of 3.375% Unsecured Senior Notes due 2019

LOS ANGELES, California, November 12, 2013 – Air Lease Corporation (NYSE: AL) (the “Company”) today announced the pricing of its public offering of $700.0 million in aggregate principal amount of 3.375% unsecured senior notes due 2019 (the “Notes”). The Notes were offered to the public at a price of 99.858% of par. The sale of the Notes is expected to close on November 19, 2013, subject to satisfaction of customary closing conditions.

The Notes will mature on January 15, 2019 and will bear interest at a rate of 3.375% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2014.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Barclays, BMO Capital Markets, BNP PARIBAS, Credit Suisse, Deutsche Bank Securities, Fifth Third Securities, Inc., Mizuho Securities, Morgan Stanley, RBC Capital Markets and RBS are acting as joint book-running managers for the offering of the Notes.

The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC”). The offering of the Notes is being made only by means of a prospectus supplement and accompanying base prospectus. Before you invest, you should read the base prospectus and prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: (i) Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling toll-free at 1-800-831-9146 or by email at batprospectusdept@citigroup.com, (ii) Goldman, Sachs & Co. Attn: Prospectus Department, 200 West Street, New York, NY 10282, by facsimile at 212-902-9316, by email at: prospectus-ny@ny.email.gs.com or calling toll-free at 1-866-471-2526, (iii) J.P. Morgan Securities LLC at 383 Madison Ave. New York, NY 10179 or calling collect at 212-834-4533 or (iv) Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by email: dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the SEC.




Investors

Depalma Maryliz 004

Mary Liz DePalma

Director of Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Stjohn Laura 018 Lorez

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com