Air Lease Corporation Announces the Closing of a 4 Year Unsecured Revolving Bank Credit Facility for $1.7 Billion Priced at LIBOR +1.45%
LOS ANGELES, California, May 7, 2013 — Air Lease Corporation (NYSE: AL) announced today the closing of a 4 year unsecured revolving bank credit facility for $1.7 billion priced at LIBOR +1.45%, with no LIBOR floor.This new facility amends and updates our existing bank facility, by increasing the size from $1.1 billion to $1.7 billion, extending the availability period from 3 years to 4 years to May, 2017, and reducing the pricing from LIBOR...