secwatch.observer — SEC 8-K summary
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Issuer:     AIR LEASE CORP (—)
CIK:        0001487712
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-118703
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air Lease extends $7.2B senior unsecured revolver maturity to May 2027
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- Amended commitments total ~$7.2B across 49 banks as of May 5, 2023; no new borrowings at closing.
- Interest rate set at Adjusted Term SOFR + 1.05% margin with 0.20% facility fee, subject to credit rating adjustments.
- Maturity extended one year; $6.8B of commitments mature May 2027, $320M May 2026, $32.5M May 2025, $375M May 2023.
- CFO Gregory Willis cited the extension as reflecting ALC's strong investment-grade credit metrics and cost-efficient funding strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487712/000119312523118703/0001193125-23-118703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487712/000119312523118703/d496925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-118703

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer