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 CET

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
Laura St. John, 310-553-0555
Media and Investor Relations Coordinator

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIR LEASE CORP
03/22 AIR LEASE : Malaysia Airlines signs with Airbus for A350 XWB flight training
03/22 AIR LEASE : Turkey`s Pegasus Airlines sells seven B737s to ALC
03/21 AIRBUS : Malaysia Airlines Signs With Airbus for A350 XWB Flight Training
03/16 AIR LEASE CORP : ex-dividend day
03/13 AIR LEASE CORP : Post Earnings Coverage as Air Lease's Quarterly Revenue Jumped ..
03/10 AIR LEASE : Sharp slowdown predicted in orders for big Boeing, Airbus jets
03/09 AIR LEASE : Boeing's talking with airlines about a '797,' and they like what the..
03/09 AIR LEASE : Boeing's talking with airlines about a '797', and they like what the..
03/09 AIR LEASE CORPORATION (NYSE : AL) Files An 8-K Entry into a Material Definitive ..
03/08 AIR LEASE : Pratt moves to fix reliability issues on Airbus neo jets
More news
Sector news : Commercial Equipment Rental
03/24 Private equity firm Cinven in talks to buy chemicals firm CHRYSO
03/08 European shares inch higher, masking big moves from Adidas, EDF
03/08 G4S : Britain's G4S shares hit 20-month high after 14 percent profit jump
03/07 European shares slip as Trump tweet hits drugmakers
03/07 WORLDPAY : UK's Worldpay misses revenue on weak U.S. business
More sector news : Commercial Equipment Rental
News from SeekingAlpha
03/19 Air Lease Will Continue To Fly High
03/17 Should Dividend Growth Investors Dance Below Their Current Yield Floor?
03/15 Air Lease declares $0.075 dividend
02/28 Air Lease Corp. Finds Itself In A Thriving Industry
02/26 AIR LEASE : Lower Upside Ahead But Still Best In Class
Financials ($)
Sales 2017 1 551 M
EBIT 2017 848 M
Net income 2017 411 M
Debt 2017 9 888 M
Yield 2017 0,57%
P/E ratio 2017 10,17
P/E ratio 2018 8,72
Capi. / Sales 2017 8,88x
Capi. / Sales 2018 2,17x
Capitalization 3 889 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 13
Average target price 47,0 $
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
John L. Plueger President & Chief Executive Officer
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 CORP9.99%3 889
CRAMO OYJ-10.47%1 022
More Results