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FLY Leasing files mixed shelf

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FLY Leasing files mixed shelf

FLY Leasing Ltd. filed a shelf registration statement for the potential sale of up to $1 billion in various securities from time to time.

The filing covers the sale of common shares, preference shares, debt securities, warrants, subscription rights and units. It includes $600 million of unsold securities from under its earlier registration statement that was declared effective on Sept. 10, 2014. The company may offer the securities to or through one or more underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis.

The net proceeds may be used for working capital and other general corporate purposes, which may include repaying or refinancing debt and financing future acquisitions. The net proceeds may also be invested temporarily in interest-bearing accounts and short-term interest-bearing securities.