DUBLIN, Ireland, December 11, 2017 – Fly Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, today announced that it has closed a new $332 million secured debt facility. The facility has an eight-year term and will bear interest at LIBOR plus 1.65%. The lender syndicate is comprised of nine institutions, including five first-time lenders to FLY.
“This term loan facility has one of the most competitive borrowing costs in the industry, demonstrating that FLY continues to be an attractive counter-party for a broad group of lenders,” said Colm Barrington, CEO of FLY. “The eight-year term is in line with our philosophy of matching our financing terms with our lease term profile.”