Air lease corporation announces pricing of offering of cad 400 million of senior unsecured medium-term notes

Air lease corporation announced the pricing on november 26, 2019 of its offering of cad 400 million, or usd 301 million (based on a canadian dollar/u.s. dollar exchange rate of cad 1.00= usd 0.7523, as announced by the u.s. federal reserve board as of november 22, 2019), aggregate principal amount of 2.625% senior unsecured medium-term notes due december 5, 2024 (the notes). the sale of the notes is expected to close on december 5, 2019, subject to satisfaction of customary closing conditions. the notes will mature on december 5, 2024 and will bear interest at a rate of 2.625% per annum, payable semi-annually in arrears on june 5 and december 5 of each year, commencing on june 5, 2020. owners of the notes will receive payments relating to their notes in canadian dollars. 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 indebtedness.
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