FLY Leasing repays, terminates revolving credit facility dated 2012

By Tali Rackner

Norfolk, Va., March 27 – FLY Leasing Ltd. terminated its revolving credit facility on Friday and repaid all amounts outstanding with the proceeds from the refinancing of the last remaining aircraft that had been financed under the facility, according to a 6-K filing with the Securities and Exchange Commission.

The company entered into the facility on Nov. 7, 2012 for up to $250 million. It increased total commitments on July 3, 2013 to $450 million and extended availability period to July 3, 2015. The final maturity date was also extended to July 3, 2018.

There were no prepayment penalties in connection with the termination of the facility.

FLY Leasing is a Dublin-based aircraft lessor.

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