Flying Tiger Line Inc. said it has...
Flying Tiger Line Inc. said it has refinanced its debt agreements of about $102 million and extended their maturity to five years from three. The new loan will have a 6.4% fixed interest rate, compared to a 10.8% rate for the retired debt. Bank of America underwrote the new loan and Paine Webber served as adviser. The air-freight company is based in Los Angeles.
