Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, among others, in connection with the public offering by Air Lease Corporation of 300,000 shares of its 4.65% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, representing $300 million in aggregate liquidation preference.
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 Dan Webb, Ryan Coombs, Jonathan Kachiu and Bori Celia Ha (Corporate); Jonathan Cantor and Nicole Humphrey (Tax); and Andrew Pagliughi (Blue Sky).