FLY Leasing upsizes and amends 2012 term loan

FLY Leasing has upsized and amended its 2012 Term Loan. The Term Loan, which had a balance of approximately $375 million as of September 30, 2013, was upsized by $105 million. The incremental borrowing was priced at 99.75% of the principal amount. FLY will use the net proceeds of approximately $102 million (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. The maturity on the Term Loan was extended by one year from August 2018 to August 2019 and the maximum Loan-to-Value (LTV) was