Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC, in connection with the public offering by Air Lease Corporation (“Air Lease”) of 300,000 shares of its 4.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, 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 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, Jonathan Kachiu and Danielle Bembry (Corporate); Jonathan Cantor (Tax); Jeanne Annarumma (ERISA); and Andrew Pagliughi (Blue Sky).