FLY Leasing Announces Pricing of $300 Million Aggregate Principal Amount of Senior Notes

 FLY Leasing Announces Pricing of $300 Million Aggregate Principal Amount of
                                 Senior Notes

PR Newswire

DUBLIN, Dec. 6, 2013

DUBLIN, Dec. 6, 2013 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"),
a global lessor of modern commercial jet aircraft, today announced the pricing
of $300 million aggregate principal amount of 6.75% senior notes due 2020 (the
"Notes"). FLY plans to use the net proceeds of the offering for general
corporate purposes, including the acquisition of aircraft.

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Jefferies LLC is acting as the sole book-running manager 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 will be available on the SEC's website at www.sec.gov. Copies of the
prospectus supplement and accompanying prospectus also may be obtained from:

Jefferies LLC
The Metro Center
One Station Place, Three North
Stamford, CT 06902
Attn: Justin Polselli
Toll Free: (888) 708-5831
Fax: (203) 724-4538

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. For more information about FLY, please visit our website at
www.flyleasing.com.

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-14 of the preliminary prospectus supplement and the
information described under ''Risk Factors'' under the heading ''Item 3. Key
Information'' beginning on page 4 of FLY's Annual Report on Form 20-F for the
fiscal year ended December 31, 2012, 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

SOURCE FLY Leasing Limited

Website: http://www.flyleasing.com
 
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