Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Flying Fortress Inc. > News item |
Flying Fortress launches $750 million term B at Libor plus 250 bps
By Sara Rosenberg
New York, Dec. 8 – Flying Fortress Inc. launched on Thursday a $750 million term loan B (Baa3/BBB-) due October 2022 with price talk of Libor plus 250 basis points with a 0.75% Libor floor, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
RBC Capital Markets LLC and Bank of America Merrill Lynch are the joint lead arrangers on the deal, and Barclays, BNP Paribas Securities Corp. and Santander are co-arrangers.
Proceeds will be used to amend, extend and reprice an existing term loan B due April 2020 that is priced at Libor plus 275 bps with a 0.75% Libor floor.
Lenders are being offered a 12.5 bps amendment fee, the source added.
Commitments are due at noon ET on Dec. 15.
Closing is targeted for the week of Dec. 19.
Flying Fortress is a subsidiary of AerCap, a Dublin-based aircraft leasing company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.