Fly Leasing reprices 2012 term loan

Fly Leasing has repriced its 2012 Term Loan at par. The interest rate on the amended loan will be LIBOR plus 2.00%, a 0.25% reduction from the previous margin. “FLY continues to manage its liability structure opportunistically to drive higher returns,” said Colm Barrington, CEO of FLY. “As a result of the repricing, FLY will save approximately $1 million of interest expense annually.”