FLY Leasing Announces Proposed Offering of Senior Unsecured Notes

DUBLIN, Dec. 2, 2013 /PRNewswire/ — FLY Leasing Limited (NYSE: FLY) (“FLY”), a global lessor of modern commercial jet aircraft, today announced that it intends to offer and sell $250 million in aggregate principal amount of its senior unsecured notes in an underwritten public offering. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”) and is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The net proceeds from the sale of the notes will be used for general corporate purposes, including the acquisition of aircraft.

Jefferies LLC is acting as the book-running manager for the proposed 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.