International Lease Finance Corporation (ILFC) has partially prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750 million, from the original loan amount of $900 million. The amendment reduces the interest rate to LIBOR plus 2.75% with a LIBOR floor of 75%, down from LIBOR plus 4.0% with a LIBOR floor of 1.0%. The maturity date remains June 30, 2017. “This amendment furthers our goal to reduce our funding costs across our debt portfolio. An interest rate reduction of 150 basis points provides meaningful savings,” said ILFC
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