Air Lease Corporation’s $1.25 Billion Senior Notes Offering

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SG Americas Securities, LLC and Wells Fargo Securities, LLC, in connection with the public offering by Air Lease Corporation of $550 million aggregate principal amount of 2.5% Senior Notes due 2021 and $700 million aggregate principal amount of 3.25% Senior Notes due 2025.

The net proceeds of the offering will be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

Air Lease Corporation is an aircraft leasing company, principally engaged in purchasing commercial aircraft and leasing them to airlines around the world.The company, led by Steven F Udvar-Hazy, John L Plueger and Gregory B Willis, in 2017 recorded $1.419 Million Revenues.

The Simpson Thacher team included Art Robinson (Picture), Dan Webb, Ryan Coombs, Mark Underwood and Adam Spaulding (Corporate); Katharine Moir and Jacqueline Clinton (Tax); Erin Murphy and Paul Barrus (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).

 

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; Daniel Webb – Simpson Thacher & Bartlett; Ryan Coombs – Simpson Thacher & Bartlett; Mark Underwood – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Paul Barrus – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; SG Americas Securities LLC; Wells Fargo Securities;

 

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Author: Ambrogio Visconti