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Debt Overview

Air Lease’s financing objective is to ensure the availability of capital resources on an ongoing basis to meet the funding requirements of our business, most importantly the acquisition of new, modern aircraft from our order book. Achieving and maintaining strong investment grade credit ratings has been a priority of Air Lease management since inception of the company in 2010, and our investment grade ratings continue to play a key role in our ability to access diverse sources of capital.

Debt Class Kroll S&P Fitch
Long-Term Issuer Rating A- BBB BBB
Corporate Rating A- BBB BBB
Preferred Stock BBB BB+ BB+
Outlook Stable Stable Stable

Primary Funding Sources

$7.8 billion Committed Revolving Credit Facility – final maturity May 5, 2028

  • Syndicate includes over 50 banking institutions 
  • Available for general corporate purposes

Issuance of Senior Unsecured Securities 

  • Over $30 billion of senior unsecured securities issued since 2010


Additional Funding Sources

  • Bank term loan facilities
  • Bilateral credit facilities

Debt Financing

The Company’s consolidated debt (dollars in thousands) as of March 31, 2024 is summarized below:

Unsecured
Senior Unsecured Securities 16,308,000
Term Financings 1,608,000
Revolving Credit Facility 1,453,000
Total Unsecured Debt Financing 19,369,000
Secured
Term Financings 97,000
Export Credit Financing 202,000
Total Secured Debt Financing 299,000
Total
Total Debt Financing 19,668,000
Less: Debt discounts and issuance costs (188,000)
Debt Financing, Net of Discounts and Issuance Costs $ 19,480,000

Senior Unsecured Securities

Issued Amount ($M) Coupon Issue Date Maturity
600 0.800% 08/18/2021 08/18/2024
500 4.250% 09/16/2014 09/15/2024
CAD 400 2.625% 12/05/2019 12/05/2024
750 2.300% 01/14/2020 02/01/2025
700 3.250% 01/16/2018 03/01/2025
850 3.375% 06/24/2020 07/01/2025
1,450 2.875% 08/17/2020 01/15/2026
750 3.750% 05/23/2019 06/01/2026
600 5.300% 06/25/2024 06/25/2026
1,200 1.875% 05/24/2021 08/15/2026
750 2.200% 01/12/2022 01/15/2027
500 3.625% 03/08/2017 04/01/2027
500 3.625% 11/20/2017 12/01/2027
700 5.850% 12/05/2022 12/15/2027
700 5.300% 01/13/2023 02/01/2028
Sukuk 600 5.850% 03/15/2023 04/01/2028
CAD 900 5.400% 11/29/2023 06/01/2028
500 2.100% 08/18/2021 09/01/2028
500 4.625% 09/17/2018 10/01/2028
500 5.10% 01/24/2024 03/01/2029
500 3.250% 09/16/2019 10/01/2029
650 3.000% 01/14/2020 02/01/2030
EURO 600 3.70% 03/27/2024 04/15/2030
750 3.125% 11/24/2020 12/01/2030
600 5.200% 06/25/2024 07/15/2031
750 2.875% 01/12/2022 01/15/2032

Preferred Equity Currently Outstanding

Security Issued Amount ($M) Dividend Issue Date Maturity
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A $250 3-Month SOFR +3.65% 2/26/2019 Perpetual (callable on or after 3/15/2024)
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B $300 4.65% 02/23/2021 Perpetual (callable on or after 6/15/26)
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C $300 4.125% 10/13/2021 Perpetual (callable on or after 12/15/26)

Other Contacts

Investor Relations

Jason Arnold
Vice President, Investor Relations
Phone: +1 310.553.0555
Fax: +1 310.553.0999

Shareowner Account Matters

Equiniti Trust Company, LLC is Air Lease Corporation's transfer agent and administers all matters related to stock that is directly registered with Air Lease Corporation.
Equiniti Trust Company, LLC
Phone: 800.468.9716

Media Relations

Laura Woeste
Senior Manager, Media and Investor Relations
Ashley Arnold
Senior Manager, Media and Investor Relations
Phone: +1 310.553.0555
Fax: +1 310.553.0999