Wednesday, January 22, 2025 Air Lease Corporation has announced the launch of a new commercial paper program designed to strengthen its financial operations and support its corporate objectives. This program enables the issuance of short-term, unsecured commercial paper notes in the United States market, with an aggregate limit of $2 billion. Under the terms of the program, the company can borrow, repay, and re-borrow funds as needed, provided the total outstanding principal does not exceed the $2 billion cap.
These notes will be issued under the exemption from registration outlined in Section 4(a)(2) of the Securities Act of 1933, as amended. The notes are structured to rank equally with all other unsecured and unsubordinated debt obligations of Air Lease Corporation. The company plans to utilize the net proceeds from the issuance of these notes for general corporate purposes.
Potential uses include purchasing additional commercial aircraft to expand its fleet and repaying existing debt to optimize its financial structure. The notes offered under this program are not registered under the Securities Act and cannot be offered or sold in the United States without appropriate registration or a valid exemption. Air Lease Corporation emphasized that this announcement does not constitute an offer to sell or a solicitation to buy these securities.
By establishing this program, Air Lease Corporation demonstrates its commitment to maintaining a dynamic and flexible approach to its fin.
