Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced the pricing of USD 300 million aggregate principal amount of its 5.250% senior unsecured notes due 2024, the company said.
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 acted as the sole book-running manager and Citigroup Global Markets Inc. and Wells Fargo Securities, LLC acted as joint lead managers for the 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.