Simpson Thacher represented the underwriters, BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc. and TD Securities Inc., in connection with the first-ever Canadian dollar-denominated public offering by Air Lease Corporation of C$400 million aggregate principal amount of 2.625% Medium-Term Notes, Series A, due December 5, 2024. 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, Jay Higdon and Jonathan Kachiu (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); and Andrew Pagliughi (Blue Sky).