FLY Leasing launches $437 million term loan B at Libor plus 200 bps

By Sara Rosenberg

New York, Oct. 23 – FLY Leasing launched on Monday its $437 million term loan B due February 2023 with price talk of Libor plus 200 basis points with no Libor floor and a par issue price, according to a market source.

The term loan B has 101 soft call protection for six months, the source said.

RBC Capital Markets is the lead on the deal.

Commitments are due on Friday, the source added.

Proceeds will be used to reprice an existing term loan from Libor plus 225 bps with no Libor floor.

FLY is a Dublin-based aircraft lessor.

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