Fly Leasing priced its previously announced offering of an additional $100 million aggregate principal amount of its existing 7% senior notes due 2024 at an issue price of 101%.

After giving effect to the issuance of the additional notes, Fly Leasing will have approximately $390 million aggregate principal amount of 7% senior notes due 2024 outstanding.

Fly Leasing intends to use the net proceeds from the offering of the notes for general corporate purposes.

The offering is expected to close on Aug. 6, subject to customary closing conditions. However, no assurance can be given that the offering will be completed, or, if completed, as to the terms on which it will be completed.

The notes will not be registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.