Air Lease Prices $500M 5.100% Senior Unsecured Medium-Term Notes Due March 1, 2029
Portfolio Pulse from Benzinga Newsdesk
Air Lease Corporation has priced $500 million in 5.100% senior unsecured medium-term notes due on March 1, 2029. The notes will pay interest semi-annually and the sale is expected to close on January 24, 2024, subject to customary closing conditions.
January 18, 2024 | 7:34 am
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Air Lease Corporation has successfully priced $500 million in senior unsecured notes with a 5.100% interest rate, maturing in 2029.
The pricing of the notes is a routine financing activity and does not fundamentally alter the company's outlook. However, the interest rate and the amount raised are significant and indicate the company's creditworthiness and market conditions. The impact on the stock price is likely to be neutral in the short term as the market has likely anticipated this financing activity.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100