FLY Leasing readies launch of $395 million term loan for Thursday

By Sara Rosenberg

New York, July 17 - FLY Leasing Ltd. is scheduled to hold a bank meeting at 10:30 a.m. ET in New York on Thursday to launch a proposed $395 million term loan, according to a market source.

Citigroup Global Markets Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc. and RBC Capital Markets LLC are the lead banks on the deal.

Proceeds will be used to refinance existing bank debt.

FLY is an aircraft lessor with corporate offices in Dublin, Ireland, and San Francisco.

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