Fly Leasing Offers Senior Unsecured Notes

Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced that it intends to offer and sell USD 300 million in aggregate principal amount of its senior unsecured notes, the company said.

The offering is being made pursuant to an effective shelf registration statement on file with the US Securities and Exchange Commission. FLY plans to use the net proceeds from the sale of the notes, together with cash on hand, to redeem its outstanding 6.75% Senior Notes due 2020, which FLY will call for redemption on December 15, 2017.

Jefferies LLC is acting as the sole book-running manager and Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are acting as joint lead managers for the proposed offering.

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 lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide provider of aircraft lease management and financing.