ALC upsizes 4.5% notes offering to $450m

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Air Lease Corporation has upsized to $450 million from $300 million its offering of 4.50% in senior unsecured notes due 2016.

The lessor intends to use the proceeds of the offering to fund the acquisition of commercial aircraft and for other general corporate purposes.

The sale of the notes is expected to close on 26 September.