Air Lease Corp. to raise $700 million for aircraft purchases

US lessor Air Lease Corp. (ALC) will raise $700 million through a public offering, which may be used for commercial aircraft purchases. On Jan. 16, ALC said it will be issuing $700 million of senior unsecured medium-term notes, with an interest rate of 4.25%, maturing on Feb. 1, 2024. “The company...

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