Air Lease Corporation Announces Price of $ 300 Million Preferred Share Offer


LOS ANGELES, October 06, 2021– (BUSINESS WIRE) – Air Lease Corporation (NYSE: AL) (the “Society“) announced today the price of its public offering of 300,000 shares (the”Actions“) 4.125% Fixed Rate Reset Perpetual Non-Cumulative Preference Shares, Series C (the”Preferred Shares Series C“), with a liquidation preference of $ 1,000.00 per share. The sale of the shares is expected to close on October 13, 2021, subject to the satisfaction of customary closing conditions.

The Company will pay dividends on the Shares when, as and if so declared by the board of directors (or a duly authorized committee of the board of directors). Dividends will accumulate, on a non-cumulative basis, at an annual rate on the stated amount of $ 1,000.00 per share equal to: (i) 4.125% from October 13, 2021 to December 15, 2026, but excluding , and (ii) the five-year US Treasury rate (as defined in the prospectus supplement relating to the offering of the shares, the “Prospectus supplement“) on the most recent reset dividend determination date (as defined in the prospectus supplement) plus 3.149% for each reset period (as defined in the prospectus supplement) from December 15, 2026 inclusive, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, starting December 15, 2021.

The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing debt.

BofA Securities, Inc., JP Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC act as co-book managers for the offering of the Shares.

The Shares are offered in accordance with the Company’s current registration statement, previously filed with the Securities and Exchange Commission (the “SECOND“) on May 7, 2021. The Shares are offered only by means of the prospectus supplement dated October 5, 2021, supplementing the base prospectus dated May 7, 2021, which may be supplemented by any free written prospectus and / or pricing supplements that the Company may file with the SEC.Before investing, you should read the base prospectus, the prospectus supplement and any other documents that the Company may file with the SEC for more complete information about the Company and this offering. You may obtain these documents free of charge by visiting EDGAR on the SEC’s website at Alternatively, copies may be obtained from: (i) BofA Securities, Inc . toll free 1-800-294-1322, (ii) JP Morgan Securities LLC pick up at (212) 834-4533, (iii) Mizuho Securities USA LLC toll free at 1 (866) 271-7403 and (iv ) RBC Capital Markets, LLC toll free at 1-866-375- 6829.

This press release does not constitute an offer to sell or the solicitation of an offer to buy Shares, nor will there be any sale of Shares in any State or other jurisdiction in which such an offer is made. , solicitation or sale would be illegal prior to registration. or qualification under the securities laws of any such state or jurisdiction.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the intended closing of the offering and the intended use of the proceeds. These statements are based on current expectations and projections regarding the Company’s future results, prospects and opportunities and are not guarantees of future performance. These statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or expected in forward-looking statements due to a number of factors, including, but not limited to, unexpected delays in the process of closing stocks, unforeseen cash requirements and risks detailed in the documents filed by the Company with the SEC, including the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2020 and the prospectus supplement to which this offer relates.

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Mary Liz DePalma
Vice-President, Investor Relations

Jason arnold
Assistant Vice-President, Finance

Telephone: +1 310.553.0555
Email: [email protected]


Laura Woeste
Senior Director, Media and Investor Relations

Ashley arnold
Manager, Media and Investor Relations

Telephone: +1 310.553.0555
Email: [email protected]

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