--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-147571" form_type: "8-K" ticker: null cik: "0001487712" company_name: "AIR LEASE CORP" filed_at: "2026-04-08T23:59:59+00:00" generated_at: "2026-05-15T06:53:18.224970+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Air Lease acquired by consortium for $65/share; total value $28.2B ## Summary - Merger completed at $65.00/share cash; aggregate equity value ~$7.4B, total transaction value ~$28.2B including debt. - Post-merger ownership: Sumitomo 47.5%, Apollo 23.8%, Brookfield 23.8%, SMBC AC 5% of surviving corporation. - Prior board and CEO/CFO/etc. removed; Noriyuki Hiruta appointed CEO/President/Secretary, Sabrina Lemmens CFO. - Class A common stock and 3.700% Medium-Term Notes due 2030 delisted from NYSE; company will deregister common stock. - SMBC AC acquired aircraft orderbook; new financing includes $1B term loan, $3.5B revolver, $4B senior notes issued pre-merger. ## SEC filing metadata - accession: 0001193125-26-147571 - form_type: 8-K - cik: 0001487712 - company_name: AIR LEASE CORP - filed_at: 2026-04-08T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 2.03, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/0001193125-26-147571-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/d139383d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-147571 - JSON: https://secwatch.observer/filing/0001193125-26-147571.json - Plain text: https://secwatch.observer/filing/0001193125-26-147571.txt ## Source-grounded claims - claim_id: 57e8bd8ed7562ce8a764d34bb6296ee0224f896a claim: AIR LEASE CORP incurred revolving credit of up to $3,500,000,000 with Sumitomo Mitsui Banking Corporation at not specified maturing not specified. evidence_excerpt: Merger Sub entered into a revolving credit agreement, dated as of November 14, 2025, by and among Merger Sub, the several banks and other financial institutions or entities from time to time as parties thereto and Sumitomo Mitsui Banking Corporation, as administrative agent, as amended by that certain First Amendment to the Revolving Credit Agreement, dated as of March 25, 2026 (as amended, the “ Revolving Credit Agreement ”), pursuant to which Merger Sub will have access to up to $3,500,000,000 in revolving loans for working capital purposes and other general corporate purposes. evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/0001193125-26-147571-index.htm - claim_id: 70c577c74b5b015de5694ef7a534ff4d65f335df claim: AIR LEASE CORP incurred term loan of $1,000,000,000 with Sumitomo Mitsui Banking Corporation at not specified maturing not specified. evidence_excerpt: Merger Sub entered into a term loan credit agreement, dated as of November 14, 2025, by and among Merger Sub, the several banks and other financial institutions or entities from time to time as parties thereto (the “ Lenders ”) and Sumitomo Mitsui Banking Corporation, as administrative agent, as amended by that certain First Amendment to the Term Loan Credit Agreement, dated as of March 25, 2026 (as amended, the “ Term Loan Credit Agreement ”), pursuant to which the Lenders have provided, and the surviving corporation borrowed at the Effective Time, a $1,000,000,000 term loan, which was used to fund a portion of Parent’s Merger Consideration of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/0001193125-26-147571-index.htm - claim_id: 9ed4cddccdc1a9e251f84b197cf253d6351f406a claim: AIR LEASE CORP incurred senior notes of $800,000,000 aggregate principal amount of 4.400% Senior Notes due 2028, $1,200,000,000 aggregate principal amount of 4. with Computershare Trust Company, N.A. at 4.400%, 4.500%, 4.850%, 5.500% maturing due 2028, due 2029, due 2031, due 2036. evidence_excerpt: On March 24, 2026, in connection with the Merger, Merger Sub issued $800,000,000 aggregate principal amount of 4.400% Senior Notes due 2028 (the “ 2028 Notes ”), $1,200,000,000 aggregate principal amount of 4.500% Senior Notes due 2029 (the “ 2029 Notes ”), $1,500,000,000 aggregate principal amount of 4.850% Senior Notes due 2031 (the “ 2031 Notes ”) and $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2036 (the “ 2036 Notes ” and together with the 2028 Notes, the 2029 Notes and the 2031 Notes, the “ Notes ”) pursuant to an indenture, dated as of March 24, 2026 (the “ Indenture ”), among Merger Sub and Computershare Trust Company, N.A., as trustee (the “ Trustee ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/0001193125-26-147571-index.htm - claim_id: e9c8564216ddac5c2c89a87085e5046f50e54d53 claim: AIR LEASE CORP underwent a change of control involving Sumisho Air Lease Corporation Designated Activity Company (Parent) (closed 2026-04-08). evidence_excerpt: On April 8, 2026, Air Lease Corporation, a Delaware corporation (the " Company "), completed the previously announced merger (the " Merger ") of Takeoff Merger Sub Inc., a Delaware corporation (" Merger Sub "), with and into the Company, with the Company surviving the Merger as an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company (" Parent "). evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000119312526147571/0001193125-26-147571-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.