trending Market Intelligence /marketintelligence/en/news-insights/trending/0-_YxS19eIUZ-p_IVTW7Yw2 content esgSubNav
In This List

Fly Leasing secures $332M term loan facility

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Fly Leasing secures $332M term loan facility

FLY Leasing Ltd. has secured a term loan facility that provides for loans and notes of about $331.8 million, with a final maturity date of Dec. 8, 2025.

The facility has an eight-year term and will bear interest at London Interbank Offered Rate plus 1.65% per year. The interest rate on the notes issued under the facility is a fixed rate of 3.93% per year.

The company will use proceeds from the facility to finance nine aircraft with an initial loan-to-value ratio of less than or equal to 75.0%.

Bank of Tokyo-Mitsubishi UFJ Ltd. will serve as administrative agent for the facility.