Air Lease Corporation announced the successful closing of a new $966.5 million unsecured term loan facility. This facility is set to mature in December 2027, providing the company with medium-term financing.
The proceeds from this term loan facility are designated to finance the working capital needs of Air Lease Corporation and its subsidiaries. Additionally, the funds will be utilized for general corporate purposes, supporting the company's ongoing operations and strategic initiatives.
Gregory B. Willis, Executive Vice President and Chief Financial Officer, stated that the transaction provides a diversified source of financing for Air Lease and reflects the depth of its banking relationships. Sumitomo Mitsui Trust Bank, Limited, New York Branch, and Oversea-Chinese Banking Corporation Limited acted as Joint Global Coordinators for the facility.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.