FLY Leasing announces proposed offering of senior unsecured notes

FLY Leasing, a global lessor of modern commercial jet aircraft, intends to offer and sell $400m 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.