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FLY Leasing Prices 11.428M ADS Offering at $14.00/ADS


FLY Leasing Limited (NYSE: FLY) today announced that it has priced an offering of 11,428,571 of its common shares in the form of American Depositary Shares ("ADSs") at a price of $14.00 per ADS in an underwritten public offering. FLY also granted the underwriters the option to purchase up to an additional 1,714,285 of its ADSs.  Subject to customary conditions, the offering is expected to close on or about July 17, 2013. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the "SEC"). All of the shares to be sold in the offering are to be sold by FLY. Proceeds, which are expected to be approximately $150 million, after deducting the underwriting discount and estimated offering expenses, will be used for general corporate purposes, including the acquisition of aircraft. 


Morgan Stanley, Citigroup, Deutsche Bank Securities and RBC Capital Markets are acting as book-running managers for the offering. This offering is being made only by means of a prospectus supplement and an accompanying prospectus, which will be filed with the SEC and will

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