November 19, 2013
FLY Leasing upsizes and amends 2012 Term Loan
FLY Leasing, a global lessor of modern commercial jet aircraft, announced it upsized and amended its 2012 Term Loan. The Term Loan, which had a balance of approximately $375m as of September 30, 2013, was upsized by $105m. The incremental borrowing was priced at 99.75% of the principal amount. FLY will use the net proceeds of approximately $102m (net of fees and discounts) to partially finance the acquisition of five aircraft as well as refinance two aircraft with loans maturing in December 2013.