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Flying Fortress launches $750 million term loan at Libor plus 200 bps
By Sara Rosenberg
New York, July 24 – Flying Fortress Inc. launched on its call on Monday a repricing of its $750 million term loan B that is talked at Libor plus 200 basis points with a 0% Libor floor and a par issue price, according to a market source.
The repriced term loan includes 101 soft call protection for six months, the source said.
RBC Capital Markets and Bank of America Merrill Lynch are the joint bookrunners on the deal.
Commitments are due at noon ET on Thursday, the source added.
The repricing will take the existing term loan down from Libor plus 225 bps with a 0.75% Libor floor.
Flying Fortress is a subsidiary of AerCap, a Dublin-based aircraft leasing company.
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