Air Lease Corp Enters Material Definitive Agreement
Ticker: AL · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1487712
Sentiment: neutral
Topics: debt, agreement, financial-obligation
Related Tickers: AL
TL;DR
AL enters new debt agreement, details to follow.
AI Summary
On December 13, 2024, Air Lease Corporation entered into a material definitive agreement related to the creation of a direct financial obligation. The filing indicates this involves financial instruments and obligations, with further details expected in subsequent exhibits.
Why It Matters
This filing signals a significant financial transaction for Air Lease Corp, potentially impacting its debt structure and future financial obligations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and creation of a financial obligation, which could carry inherent financial risks.
Key Players & Entities
- Air Lease Corporation (company) — Registrant
- December 13, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-35121 (identifier) — SEC File Number
FAQ
What type of material definitive agreement did Air Lease Corporation enter into?
The filing does not specify the exact nature of the material definitive agreement, but it is categorized under 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 13, 2024.
What is the state of incorporation for Air Lease Corporation?
Air Lease Corporation is incorporated in Delaware.
What is the SEC file number for Air Lease Corporation?
The SEC file number for Air Lease Corporation is 001-35121.
What are the main items reported in this 8-K filing?
The main items reported are: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 1,038 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-12-18 16:01:30
Key Financial Figures
- $966.5 million — "). The Credit Agreement provides for a $966.5 million unsecured term loan (the " Term Loan ")
- $351.5 million — s, with the Company as the borrower for $351.5 million in commitments under Tranche A and the
- $615.0 million — iary of the Company as the borrower for $615.0 million in commitments under Tranche B. The Com
- $33.5 m — e total commitments up to an additional $33.5 million, subject to the satisfaction of c
Filing Documents
- d874687d8k.htm (8-K) — 35KB
- d874687dex101.htm (EX-10.1) — 540KB
- d874687dex991.htm (EX-99.1) — 5KB
- g874687g1217143238022.jpg (GRAPHIC) — 4KB
- 0001193125-24-281272.txt ( ) — 864KB
- al-20241213.xsd (EX-101.SCH) — 4KB
- al-20241213_def.xml (EX-101.DEF) — 13KB
- al-20241213_lab.xml (EX-101.LAB) — 22KB
- al-20241213_pre.xml (EX-101.PRE) — 14KB
- d874687d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Credit Agreement, dated as of December 13, 2024, among Air Lease Corporation and ALC Aircraft Financing Designated Activity Company, as Borrowers, the several lenders from time to time party thereto, and Sumitomo Mitsui Trust Bank, Limited, New York Branch, as Administrative Agent. 99.1 Air Lease Corporation Press Release dated December 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AIR LEASE CORPORATION Date: December 18, 2024 By: /s/ Gregory B. Willis Name: Gregory B. Willis Title: Executive Vice President and Chief Financial Officer