FLY Leasing Announces Proposed Senior Secured Term Loan

DUBLIN, July 19, 2012 /PRNewswire via COMTEX/ — FLY Leasing Limited FLY -1.09% (“FLY”), a leading global lessor of modern commercial jet aircraft, today announced it intends to raise a new senior secured term loan of approximately $395 million. FLY intends to use the proceeds from the new loan to refinance its remaining 2012 debt maturities, as well as the outstanding debt under a facility that matures in 2013. The senior secured term loan will be secured by 23 aircraft and will be recourse to FLY.

There can be no assurance that FLY will be successful in obtaining financing at the time or on the terms it desires.

FLY also announced today that it will release its second quarter 2012 earnings results before the market opens on Wednesday, July 25, 2012. The conference call to discuss these earnings results will remain as previously scheduled at 9:00 a.m. U.S. Eastern Time on Thursday, August 2, 2012.