FLY Leasing Limited Announces Proposed Offering of Senior Unsecured Notes

DUBLIN, Sept. 22, 2014 /PRNewswire/ — FLY Leasing Limited (FLY) (“FLY”), a global lessor of modern commercial jet aircraft, today announced that it intends to offer and sell $400 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, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are acting as the joint book-running managers 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 are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus also may be obtained from: Jefferies LLC, Attn: Prospectus Department, 520 Madison Ave, 3rd Floor, New York, NY 10022, or at 1-888-708-5831; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or at 1-800-831-9146 or prospectus@citi.com; Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or at 1-800-503-4611 or prospectus.CPDG@db.com; or RBC Capital Markets, LLC, Three World Financial Center, 10th Floor, 200 Vesey Street, New York, NY 10281, or at 1-877-280-1299..

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.