FLY Leasing Closes $250 Million Aircraft Acquisition Facility

DUBLIN, Nov. 8, 2012 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a leading global lessor of modern commercial jet aircraft, today announced it has closed a new $250 million warehouse facility to support its ongoing acquisition of aircraft.  The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017.  Deutsche Bank AG, Citigroup Global Markets, Inc., Morgan Stanley Senior Funding, Inc., RBC Capital Markets and BNP Paribas were the Joint Lead Arrangers and Bookrunners for the transaction.

"The successful completion of this aircraft acquisition facility at attractive pricing provides FLY with additional resources to grow its fleet with young aircraft," said Colm Barrington, CEO of FLY Leasing. "We will continue to focus on the most modern and popular narrow body aircraft that are in high demand with airlines around the world."

FLY has a fleet of 110 modern commercial aircraft on lease to 53 airlines in 29 countries.

About FLY
FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY, please visit our website at www.flyleasing.com. 

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 use of proceeds of the term loan and the outlook for FLY's future debt maturities, as well as FLY's future business and financial performance. 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. 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
[email protected] 

SOURCE FLY Leasing Limited