FLY Leasing re-prices US$452m 2012 term loan

FLY Leasing, a global leader in aircraft leasing, re-priced its 2012 Term Loan. The interest rate on the amended loan will be LIBOR plus 2.75%, a 0.75% reduction from the previous margin. In addition, the LIBOR floor will be reduced from 1.00% to 0.75%. As of December 31st, 2014, the facility had an outstanding principal balance of US$451.5m and financed 29 aircraft. The transaction is anticipated to close before the end of April 2015, subject to customary closing conditions.