ALC announces $500m public offering

Air Lease Corporation (ALC) is offering investors a total of $500m in unsecured notes.

Air Lease Corporation (ALC) is offering investors a total of $500m in unsecured notes.

The Los Angeles-based lessor said the notes will mature in September 2018 with an annual interest rate of 2.6 per cent, payable from March 2016.

ALC said it intends to use the net proceeds of the offering for “general corporate purposes”, which may include the purchase of new aircraft and the repayment of existing debt.

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