Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced that it repriced its 2012 Term Loan at par, the company said.
The interest rate on the amended loan will be LIBOR plus 2.00%, a 0.25% reduction from the previous margin.
FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide provider of aircraft lease management and financing. For more information visit www.flyleasing.com.