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FLY Leasing withdraws $385 million term loan repricing from market
By Sara Rosenberg
New York, Feb. 25 - FLY Leasing Ltd. pulled the repricing of its roughly $385 million term loan due August 2018 from market, according to a source.
The repricing was talked at Libor plus 350 basis points to 375 bps with a 1.25% Libor floor and a par offer price, and included 101 soft call protection for one year.
Current pricing on the loan is Libor plus 450 bps with a 1.25% Libor floor.
Citigroup Global Markets Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc. and RBC Capital Markets were leading the deal.
FLY is an aircraft lessor with corporate offices in Dublin, Ireland and San Francisco.
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