Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SG Americas Securities, LLC and Wells Fargo Securities, LLC, in connection with the public offering by Air Lease Corporation of $550 million aggregate principal amount of 2.5% Senior Notes due 2021 and $700 million aggregate principal amount of 3.25% Senior Notes due 2025. The net proceeds of the offering will be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.
Air Lease Corporation is an aircraft leasing company, principally engaged in purchasing commercial aircraft and leasing them to airlines around the world.
The Simpson Thacher team included Art Robinson, Dan Webb, Ryan Coombs, Mark Underwood and Adam Spaulding (Corporate); Jacqueline Clinton (Tax); Erin Murphy and Paul Barrus (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).