Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
Investors:
Ryan McKenna, 310-553-0555
Assistant Vice President, Strategic Planning and Investor Relations
[email protected]
or
Media:
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
0
Latest news on AIR LEASE CORP
10/18 AIR LEASE CORPORATION : › Air Lease Corporation : to Present at Airline E..
10/18 Air Lease Corporation to Present at Airline Economics Growth Frontiers New Yo..
10/17 AIR LEASE : Russia`s S7 Airlines concludes widebody operations
10/12 Air Lease Corporation Announces Lease Placement of One Additional New Airbus ..
10/11 AIR LEASE : sold seven aircraft, delivered three in 3Q
10/10 AIR LEASE CORPORATION : › Air Lease Corporation : Activity Update for the..
10/09 Air Lease Corporation Activity Update for the Third Quarter of 2017
10/09 AIR LEASE : Cathay Pacific places $1bn order to equip Airbus A321neo aircraft wi..
10/05 Air Lease Corporation Announces Third Quarter 2017 Earnings Conference Call
10/03 AIR ARABIA : outlines early A321neo deployment plans
More news
News from SeekingAlpha
10/18 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 83 Increases Expected By The End Of Decem..
10/13 Game Over For Airbus A330neo?
10/10 BOEING 787-10 : The Biggest Dream
10/09 BOEING AND AIRBUS : Order Battle In September
10/09 AIRBUS SEPTEMBER REPORT : United Airlines Commits
Financials ($)
Sales 2017 1 496 M
EBIT 2017 815 M
Net income 2017 382 M
Debt 2017 9 501 M
Yield 2017 0,65%
P/E ratio 2017 12,59
P/E ratio 2018 10,60
EV / Sales 2017 9,37x
EV / Sales 2018 9,10x
Capitalization 4 524 M
Chart AIR LEASE CORP
Duration : Period :
Air Lease Corp Technical Analysis Chart | AL | US00912X3026 | 4-Traders
Technical analysis trends AIR LEASE CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 46,8 $
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
AIR LEASE CORP29.57%4 524
ASHTEAD GROUP17.78%12 164
AIRCASTLE LIMITED15.11%1 852
CRAMO OYJ-6.77%1 163
RAMIRENT OYJ12.86%1 069
NISHIO RENT ALL CO LTD9.62%947