Fly Leasing closes USD 332m debt facility

Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced that it has closed a new USD 332 million secured debt facility, the company said.

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.

FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide provider of aircraft lease management and financing. For more information visit www.flyleasing.com.