Air Lease establishes $2 billion commercial paper program for general corporate purposes

From Nasdaq: 2025-01-21 17:26:51

Air Lease Corporation (AL) has established a commercial paper program, allowing the issuance of short-term, unsecured commercial paper notes under a $2 billion maximum outstanding principal amount. The Notes will be sold in the U.S. commercial paper market, ranking equally with all other unsecured company debt. Proceeds will be used for general corporate purposes, including aircraft purchases and debt repayment. On Tuesday, AL’s stock closed at $47.37, up 1.52% on the NYSE.



Read more at Nasdaq: Air Lease Unveils $2 Bln Commercial Paper Program