Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
AIR LEASE CORP amended revolving credit of approximately $7.8 billion with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus a margin of 1.05% per year maturing extended the final maturity date from May 5, 2027 to May 5, 2028.
- Instrument
- revolving credit
- Principal
- approximately $7.8 billion
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Adjusted Term SOFR Rate plus a margin of 1.05% per year
- Maturity
- extended the final maturity date from May 5, 2027 to May 5, 2028
- Event
- amendment
Exact text from the filing
On April 29, 2024, Air Lease Corporation (the “Company”) entered into the Ninth Amendment and Extension Agreement (the “Ninth Amendment) to the Second Amended and Restated Credit Agreement which amended and extended its unsecured revolving credit facility, dated as of May 5, 2014, with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein (as previously amended and extended, and as further amended by the Ninth Amendment, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company, among other things, (i) extended the final maturity date from May 5, 2027 to May 5, 2028, and (ii) amended the total revolving commitments thereunder to approximately $7.8 billion across 52 financial institutions as of May 5, 2024.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AIR LEASE CORP amended Ninth Amendment and Extension Agreement with JPMorgan Chase Bank, N.A. valued at approximately $7.8 billion (effective 2024-04-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- approximately $7.8 billion
- Effective
- 2024-04-29
Exact text from the filing
On April 29, 2024, Air Lease Corporation (the “Company”) entered into the Ninth Amendment and Extension Agreement (the “Ninth Amendment) to the Second Amended and Restated Credit Agreement which amended and extended its unsecured revolving credit facility
View on SEC.gov