DUBLIN, July 11, 2013 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced that it has priced an offering of 11,428,571 of its common shares in the form of American Depositary Shares ("ADSs") at a price of $14.00 per ADS in an underwritten public offering. FLY also granted the underwriters the option to purchase up to an additional 1,714,285 of its ADSs. Subject to customary conditions, the offering is expected to close on or about July 17, 2013. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the "SEC"). All of the shares to be sold in the offering are to be sold by FLY. Proceeds, which are expected to be approximately $150 million, after deducting the underwriting discount and estimated offering expenses, will be used for general corporate purposes, including the acquisition of aircraft.
Morgan Stanley, Citigroup, Deutsche Bank Securities and RBC Capital Markets are acting as book-running managers for the offering. This offering is being made only by means of a prospectus supplement and an accompanying prospectus, which will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus also may be obtained, when available, from: Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, or by calling (866) 718-1649, or by emailing firstname.lastname@example.org; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (800) 831-9146; Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, New York 10005-2836 or by calling (866) 718-1649, or by emailing prospectus.CPDG@db.com; or RBC Capital Markets, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Equity Syndicate, or by calling (877) 822-4089.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
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