Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Air Lease Corp    AL

News SummaryMost relevantAll newsSector newsTweets 

Air Lease Corp : Air Lease Corporation Announces Closing of $1.0 Billion Senior Unsecured Notes Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
03/16/2012 | 03:10pm CEST

Air Lease Corporation (NYSE: AL) (the "Company") today announced the closing of its previously announced offering of $1.0 billion aggregate principal amount of 5.625% senior unsecured notes due 2017 (the "Notes"). Due to market demand, the offering was upsized to $1.0 billion from a previously announced offering size of $500 million. The Notes were sold in an offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), only to qualified institutional buyers and non-U.S. persons outside of the United States in reliance upon Rule 144A and Regulation S, respectively, under the Securities Act.

The Notes will mature on April 1, 2017 and will bear interest at a rate of 5.625% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on October 1, 2012.

The Company intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.

The Notes have not been registered under the Securities Act or applicable state securities laws and, unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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. 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 Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

Launched in 2010, ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions.

Air Lease Corporation
Ryan McKenna, 310-553-0555
Assistant Vice President, Strategic Planning and Investor Relations
[email protected]
Laura St. John, 310-553-0555
Media and Investor Relations Coordinator
[email protected]

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIR LEASE CORP
06/22 AIR LEASE : Wow Air takes delivery of first CFM LEAP 1A powered A321NEO
06/22 BOEING : Air Lease Corporation Announce Memorandum of Understanding for 12 737 M..
06/22 AIR LEASE : Iceland`s WOW air adds maiden A321neo
06/22 AIR LEASE : AIRBUS - WOW air becomes first A321neo operator in Europe
06/22 AERCAP N : Primera Air to lease two A321neo(LR)s from AerCap
06/21 AIR LEASE : Boeing, Blue Air Announce Order for Six 737 MAXs; Carrier becomes fi..
06/21 Air Lease Corporation Announces First New Airbus A321-200neo delivery to WOW ..
06/21 BOEING : Air Lease Corporation Announce Memorandum of Understanding for 12 737 M..
06/20 AIR LEASE : expands CFM LEAP-1A fleet with $725 million order
06/20 Air Lease Corporation Announces the Lease Placement of Six New Boeing 737 MAX..
More news
Sector news : Commercial Equipment Rental
06/23 CAPITA : sells asset management arm to Link Group for 888 million pounds
06/22 WORLDPAY : Payment firm Worldpay says can operate via Dutch unit after Brexit
06/15 CAPITA : Australia's Link, buyout funds in final bidding for $1 billion Capita s..
06/14 Oil stocks drop hits FTSE, offsetting strong housebuilders
06/13 FTSE held back by sterling bounce as tech stocks recover
More sector news : Commercial Equipment Rental
News from SeekingAlpha
06/22 BOEING : The MAX Factor
06/22 SHORT AIR LEASE CORP. : Threat From New Under The Radar Chinese Lessors
06/21 DAY 3 AT PARIS AIR SHOW : Tranquil Day In Sunny Paris
06/19 Boeing's Muilenburg eyes hypersonic jets for commercial flights
06/19 DAY 1 AT PARIS AIR SHOW : Boeing Bags 345 Commitments, Airbus Outlines Airbus A3..
Financials ($)
Sales 2017 1 522 M
EBIT 2017 828 M
Net income 2017 387 M
Debt 2017 9 467 M
Yield 2017 0,76%
P/E ratio 2017 10,48
P/E ratio 2018 8,79
EV / Sales 2017 8,70x
EV / Sales 2018 8,18x
Capitalization 3 772 M
More Financials
Duration : Period :
Air Lease Corp Technical Analysis Chart | AL | US00912X3026 | 4-Traders
Full-screen chart
Technical analysis trends AIR LEASE CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 46,4 $
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
John L. Plueger President, Chief Executive Officer & Director
Steven F. Udvar-Házy Executive Chairman
Gregory B. Willis Chief Financial Officer & Executive Vice President
Matthew J. Hart Independent Director
Ronald D. Sugar Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIR LEASE CORP6.50%3 772
ASHTEAD GROUP2.53%10 283
CRAMO OYJ13.24%1 346
RAMIRENT OYJ23.68%1 111
More Results