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Prospect News home > News index > List of issuers F > Headlines for Flying Fortress Inc. > News item
Published on 4/30/2015 in the Prospect News Bank Loan Daily.

Flying Fortress revises OID on extended $750 million loan to 99 7/8

By Sara Rosenberg

New York, April 30 – Flying Fortress Inc. modified the original issue discount on its extended $750 million term loan due 2020 to 99 7/8 from 99¾, according to a market source.

The extension will push the maturity on the loan out 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 extended loan will have 101 soft call protection for six months.

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

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


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