Air Lease Prices C$400M Of Senior Unsecured Medium-Term Notes
Portfolio Pulse from Benzinga Newsdesk
Air Lease Corporation (NYSE:AL) announced the pricing of C$400 million in 5.40% senior unsecured medium-term notes due June 1, 2028. The sale is expected to close on February 28, 2024, with interest payable semi-annually.

February 21, 2024 | 7:10 am
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Air Lease Corporation prices C$400 million in senior unsecured notes at 5.40%, maturing in 2028.
The successful pricing of the notes indicates investor confidence in Air Lease Corporation's financial health and its ability to meet debt obligations. This could lead to a positive short-term impact on AL's stock price as it reflects the company's strong position in the market and its ability to secure funding at a reasonable interest rate. However, the impact might be moderated by the fact that this is a debt issuance, which could increase the company's leverage.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100