FLY Leasing repriced its 2012 term loan at par. The interest rate on the amended loan will be LIBOR + 2.00%, a 0.25% reduction from the previous margin.

“FLY continues to manage its liability structure opportunistically to drive higher returns,” said Colm Barrington, CEO of FLY. “As a result of the repricing, FLY will save approximately $1 million of interest expense annually.”

FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing.