FLY Leasing Announces Pricing of Senior Unsecured Notes Offering

DUBLIN, Sept. 24, 2014 /PRNewswire/ -- FLY Leasing Limited FLY ("FLY"), a global lessor of modern commercial jet aircraft, today announced the pricing of $400 million aggregate principal amount of senior unsecured notes, consisting of $75 million aggregate principal amount of 6.750% senior notes due 2020 and $325 million aggregate principal amount of 6.375% senior notes due 2021. FLY plans to use the net proceeds of the offering for general corporate purposes, including the acquisition of aircraft. 

Jefferies LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC acted as the joint book-running managers for the offering. This offering is being made only by means of a preliminary prospectus supplement and an accompanying prospectus, which have been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus also may be obtained, when available, from: Jefferies LLC, Attn: Prospectus Department, 520 Madison Ave, 3rd Floor, New York, NY 10022, or at 1-888-708-5831; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or at 1-800-831-9146 or prospectus@citi.com; Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or at 1-800-503-4611 or prospectus.CPDG@db.com; or RBC Capital Markets, LLC, Three World Financial Center, 10th Floor, 200 Vesey Street, New York, NY 10281, or at 1-877-280-1299.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of any notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About FLY

FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's plans, objectives, expectations and intentions. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. These factors include, but are not limited to those described under ''Risk Factors'' beginning on page S-16 of the preliminary prospectus supplement and the information described under ''Risk Factors'' under the heading ''Item 3. Key Information'' beginning on page 5 of FLY's Annual Report on Form 20-F for the fiscal year ended December 31, 2013, which is incorporated in the preliminary prospectus supplement by reference, and any risk factors included or described in FLY's other periodic reports, and in other information filed with the SEC, from time to time, and incorporated by reference into the preliminary prospectus supplement. Should one or more of these risks or uncertainties materialize, or should any of FLY's assumptions prove incorrect, FLY's actual results may vary in material respects from those projected in these forward-looking statements. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.

Contact:

Matt Dallas
FLY Leasing Limited
+1 203-769-5916
ir@flyleasing.com 

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SOURCE FLY Leasing Limited