Air Lease Corporation announced the establishment of a new commercial paper program, allowing the company to issue up to $2.0 billion in short-term, unsecured commercial paper notes. This program diversifies Air Lease's funding sources beyond traditional debt and equity markets.
The notes issued under this program will rank pari passu with all of the company’s other unsecured and unsubordinated indebtedness. This structure ensures that the new financing aligns with Air Lease's existing debt profile.
The net proceeds from the commercial paper program are intended for general corporate purposes, which include the purchase of commercial aircraft and the repayment of existing indebtedness. This initiative provides Air Lease with enhanced financial flexibility to manage its capital needs and support its growth strategy.
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