Air Lease (AL) Tops Q1 EPS by 47c
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Air Lease Corporation Increases Unsecured Revolving Credit Facility to $5.8 Billion
May 9, 2019 4:05 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) (ALC or the Company) amended and extended its unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the Syndicated Unsecured Revolving Credit Facility) whereby the Company extended the maturity date of the substantial majority of the revolving commitments from May 5, 2022 to May 5, 2023 and, after giving effect to commitments that matured on May 5, 2019, increased total revolving commitments to approximately $5.8 billion from $4.6 billion, across 50 financial institutions. The Syndicated Unsecured Revolving Credit Facility remains priced at LIBOR plus 105 basis... More
