FLY Leasing gets $385 million blind pool aircraft acquisition facility

By Tali Rackner

Norfolk, Va., Feb. 29 – FLY Leasing Ltd. said it closed a $385 million blind pool aircraft acquisition facility, according to a press release.

The facility has a three-year revolving period followed by a three-year term and will bear interest at Libor plus 200 basis points during the revolving period.

The lenders include Commonwealth Bank of Australia New York Branch, MUFG, New York Life Insurance Co. and National Australia Bank. Commonwealth Bank of Australia New York Branch will serve as the administrative agent for the facility.

FLY Leasing is a Dublin-based aircraft lessor.

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