Air Lease Corp Files 8-K on Material Definitive Agreement

TL;DR

AL enters new material definitive agreement, expect financial updates.

AI Summary

On January 21, 2025, Air Lease Corporation entered into a material definitive agreement related to the creation of a direct financial obligation. The company filed an 8-K report detailing this event, which is a standard disclosure for significant financial arrangements.

Why It Matters

This filing indicates Air Lease Corp has entered into a significant financial agreement, which could impact its debt structure and future financial obligations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

• Air Lease Corporation (company) — Registrant
• January 21, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $2,000,000,000 — r the Program at any time not to exceed $2,000,000,000. The Notes will have maturities of up

Filing Documents

• al-20250121.htm (8-K) — 38KB
• exhibit101-cpprogramxdeale.htm (EX-10.1) — 209KB
• exhibit991-cpprogramxpress.htm (EX-99.1) — 7KB
• 0001628280-25-002049.txt ( ) — 464KB
• al-20250121.xsd (EX-101.SCH) — 3KB
• al-20250121_def.xml (EX-101.DEF) — 16KB
• al-20250121_lab.xml (EX-101.LAB) — 28KB
• al-20250121_pre.xml (EX-101.PRE) — 16KB
• al-20250121_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On January 21, 2025, Air Lease Corporation (the " Company ") established a commercial paper program (the " Program ") pursuant to which it may issue short-term, unsecured commercial paper notes (the " Notes ") under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the " Securities Act "). Amounts available under the Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $2,000,000,000. The Notes will have maturities of up to 397 days from the date of issue. The Notes will rank at least pari passu with all of the Company's other unsecured and unsubordinated indebtedness. The net proceeds of the issuances of the Notes are expected to be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. No Notes are currently outstanding under the Program. One or more commercial paper dealers will each act as a dealer under the Program (each, a " Dealer ," and collectively, the " Dealers ") pursuant to the terms and conditions of the respective commercial paper dealer agreement entered into between the Company and each Dealer (each, a " Dealer Agreement ," and collectively, the " Dealer Agreements "). A national bank will act as the issuing and paying agent under the Program pursuant to the terms of an issuing and paying agent agreement. The Dealer Agreements provide the terms under which the Dealers will either purchase from the Company or arrange for the sale by the Company of the Notes. The Dealer Agreements contain customary representations, warranties, covenants and indemnification provisions. The form of Dealer Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference, and the summary of the Program herein is qual

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the intended use of net proceeds from the issuance of the Notes under the Program. Such statements are based on current expectations and projections about the Company's future results, prospects and opportunities and are not guarantees of future performance. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including but not limited to, unanticipated cash needs and those risks discussed under "Part I - Item 1A. Risk Factors," in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and other SEC filings, including future SEC filings. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. You are therefore cautioned not to place undue reliance on such statements. Any forward-looking statement speaks only as of the date on which it is made, and the Company does not intend and undertakes no obligation to update any forward-looking information to reflect actual results or events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. 2

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 10.1 Form of Commercial Paper Dealer Agreement between the Company, as issuer, and the applicable Dealer party thereto Exhibit 99.1 Press release dated January 21, 2025 Exhibit 104 The cover page from this Current Report on 8-K formatted in Inline XBRL 3 SIGNATURE 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 thereunto duly authorized. AIR LEASE CORPORATION Date: January 21, 2025 /s/ Gregory B. Willis Gregory B. Willis Executive Vice President and Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR