Air Lease Corp. is making its first trip of the year to the securitization market with $344.7 million of notes backed by leases on older aircraft.

Three series of fixed-rate notes will be issued in the transaction, called Thunderbolt Aircraft Lease: $253.4 million of Series A notes are provisionally rated A by Kroll Bond Rating Agency; $69.3 million of Series B notes are provisionally rated BBB and $22 million of Series C notes are provisionally rated BB-. All of the notes have a final maturity of 2032.

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