Reading Time: 3 minutes

LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing
on May 16, 2019 of its public offering of $750 million aggregate
principal amount of 3.750% senior unsecured medium-term notes due June
1, 2026 (the “Notes”). The sale of the Notes is expected to close on May
23, 2019, subject to satisfaction of customary closing conditions.

The Notes will mature on June 1, 2026 and will bear interest at a
rate of 3.750% per annum, payable semi-annually in arrears on June 1 and
December 1 of each year, commencing on December 1, 2019.

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.

BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA
LLC and RBC Capital Markets, LLC are acting as joint book-running
managers for the offering of the Notes.

The Notes are being offered pursuant to the Company’s effective shelf
registration statement, previously filed with the Securities and
Exchange Commission (the “SEC”) on May 10, 2018, as amended by the
Post-Effective Amendment No. 1, filed with the SEC on November 20, 2018.
The offering of the Notes is being made only by means of the prospectus
supplement dated November 20, 2018, supplementing the base prospectus
dated November 20, 2018, as may be further supplemented by any free
writing prospectus and/or pricing supplements the Company may file with
the SEC. Before you invest, you should read the base prospectus,
prospectus supplement and any other documents the Company may file with
the SEC for more complete information about the Company and this
offering. You may obtain these documents for free by visiting EDGAR on
the SEC’s website at
Alternatively, copies may be obtained from: (i) BofA Securities, Inc. at
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North
Carolina 28255-0001, Attn: Prospectus Department, by calling 1 (800)
294-1322, or by e-mail at,
(ii) J.P. Morgan Securities LLC at 383 Madison Ave., New York, New York
10179 or by calling collect at 1 (212) 834-4533, (iii) Mizuho Securities
USA LLC at 320 Park Avenue, 12th floor, New York, New York 10022 or by
calling 1 (866) 271-7403, or (iv) RBC Capital Markets, LLC at 200 Vesey
Street, 8th floor, New York, New York 10281, Attn: Transaction
Management, by calling 1 (866) 375-6829 or by email at

This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any sale
of the Notes in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to the expected closing of the offering
and the intended use of proceeds. Such statements are based on current
expectations and projections about the Company’s future results,
prospects and opportunities and are not guarantees of future
performance. Such statements will not be updated unless required by law.
Actual results and performance may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors, including but not limited to, unexpected delays in the closing
process for the Notes, unanticipated cash needs, and those risks
detailed in the Company’s filings with the SEC, including the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2018
and Quarterly Report on Form 10-Q for the fiscal quarter ended March 31,


Mary Liz DePalma
Assistant Vice President, Investor

Jason Arnold
Assistant Vice President, Finance

Phone: +1 310.553.0555
Fax: +1 310.553.0999

Laura Woeste
Manager, Media and Investor Relations
+1 310.553.0555
Fax: +1 310.553.0999