Air Lease Corporation (NYSE: AL) has officially announced the successful closing of a substantial $966.5 million unsecured term loan facility, which is set to mature in December 2027. The significant financing arrangement comes as part of the company’s broader strategy to support its working capital requirements and provide flexibility for general corporate purposes across Air Lease Corporation and its subsidiaries.
The facility was arranged with the participation of a syndicate of leading international financial institutions, reflecting the company’s strong relationships within the global banking sector. Sumitomo Mitsui Trust Bank, Limited, New York Branch, and Oversea-Chinese Banking Corporation Limited acted as Joint Global Coordinators for the transaction, demonstrating their pivotal role in structuring and executing the deal.
In addition to the Joint Global Coordinators, several prominent financial institutions participated as Mandated Lead Arrangers and Bookrunners. This group includes Bank of China Limited, London Branch, Bank of East Asia Limited, and Cathay United Bank, Singapore Branch. Their participation underscores the broad international support and confidence in Air Lease Corporation’s business model, financial health, and long-term prospects within the aviation leasing industry.
Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation, expressed his satisfaction with the successful closing of the transaction, highlighting the importance of this new financing. “We are pleased to announce the successful closing of this $966.5 million unsecured term loan facility supported by a syndicate of global banking partners,” said Willis. “The transaction provides a diversified source of financing for Air Lease and further reflects the depth of our banking relationships. We thank our lenders for their support.”
The new term loan facility reinforces Air Lease Corporation’s robust capital structure by securing a diversified and reliable source of funding. It will serve as a key financial resource as the company continues to manage its expanding fleet of modern, fuel-efficient aircraft and capitalize on opportunities in the global aircraft leasing market. The funding also ensures greater operational flexibility, allowing the company to address its working capital needs, optimize its liquidity, and pursue its corporate objectives without being heavily reliant on any single funding source.
Air Lease Corporation’s ability to secure such a large-scale loan facility reflects the strong market confidence in its leadership position within the aircraft leasing industry. The company’s innovative business approach, which focuses on leasing high-demand, new-generation aircraft to airlines worldwide, continues to resonate with both its banking partners and customers. Furthermore, the unsecured nature of the facility highlights the strength of Air Lease Corporation’s credit profile and its ability to attract favorable terms in global financial markets.
As Air Lease Corporation continues to navigate the dynamic aviation landscape, the newly secured financing will play a critical role in advancing its strategic priorities. These include expanding its fleet to meet growing demand, supporting airlines with reliable leasing solutions, and maintaining its competitive edge in a recovering global travel environment. By securing long-term financing through trusted global banking partners, Air Lease Corporation is well-positioned to drive growth and create value for its stakeholders over the coming years.
With the successful execution of this transaction, Air Lease Corporation not only strengthens its financial position but also reaffirms its commitment to fostering strong and enduring relationships with leading international financial institutions. The support from these lenders reflects a shared confidence in the company’s vision, operational excellence, and its role as a key player in the global aviation industry. As the company looks to the future, this new facility will provide the foundation for continued success and sustainable growth.