ALC Amends Financing Facility

Air Lease Corporation (ALC) has executed an amendment to its Bank Warehouse Facility, which now provides financing of up to $1bn. ALC is able to draw on the amended facility during an availability period that was extended to June 2015 with a subsequent four year term out option. The interest rate on the facility was reduced to LIBOR plus 2.25 per cent on drawn balances and reduced to 0.50 per cent on undrawn balances.

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