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Prospect News home > News index > List of issuers F > Headlines for Flying Fortress Inc. > News item
Published on 4/23/2015 in the Prospect News Bank Loan Daily.

Flying Fortress launches extended $750 million term loan at 99¾ OID

By Sara Rosenberg

New York, April 23 – Flying Fortress Inc. launched on Thursday its extended $750 million term loan due 2020 with original issue discount talk of 99¾, according to a market source.

The company is looking to extend the maturity of the loan from 2017.

Pricing on the extended loan is Libor plus 275 basis points with a 0.75% Libor floor, in line with current term loan pricing, the source said.

The extended loan will have 101 soft call protection for six months.

Commitments are due at noon ET on April 30, the source added.

Bank of America Merrill Lynch and RBC Capital Markets are the leads on the deal.

Flying Fortress is a subsidiary of AerCap, an Amsterdam-based aircraft leasing company.


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