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.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada