DUBLIN, Ireland, Sept. 25, 2017 /PRNewswire/ -- Fly Leasing
Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing,
today announced that it intends to offer and sell $300 million in aggregate principal amount of its
senior unsecured notes. The offering is being made pursuant to an
effective shelf registration statement on file with the U.S.
Securities and Exchange Commission (the "SEC"). FLY plans to use
the net proceeds from the sale of the notes, together with cash on
hand, to redeem its outstanding 6.75% Senior Notes due 2020, which
FLY will call for redemption on December
15, 2017.
Jefferies LLC is acting as the sole book-running manager and
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are
acting as joint lead 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 Wells Fargo Securities,
LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Suite
1000, Minneapolis, MN 55402, or at
800-645-3751 option 5, or wfscustomerservice@wellsfargo.com.
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. The
proposed offering 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.
About FLY
FLY is a global aircraft leasing
company with a fleet of modern, high-demand and fuel-efficient
commercial jet aircraft. FLY leases its aircraft under multi-year
lease contracts to a diverse group of airlines throughout the
world. FLY is managed and serviced by BBAM LP, a worldwide leader
in aircraft lease management and financing.
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-17 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, 2016, 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
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SOURCE Fly Leasing Limited