Fly Leasing acquires two more aircraft FLY Leasing has acquired a Boeing 737-800 to be leased to a leading airline in North America and an Airbus A330-300 on lease to a leading airline in Asia. The Airbus aircraft is the first of three A330s that FLY is acquiring in a sale and leaseback transaction with the Asian airline.
Fly Leasing re-prices $452M 2012 term loan FLY Leasing announced that it 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 31, 2014, the facility had an outstanding principal balance of $451.5 million and financed 29 aircraft. The transaction is anticipated to close before the end of April 2015, subject to customary closing conditions.