Fly Leasing Limited: Repurchase and Issue of Common Shares

Hamilton, Bermuda:  5th, August 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, announced the repurchase and issue of common shares. 

 

Fly Leasing Ltd., issued the following announcement.

 

 Fly Leasing Limited

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7.000% Senior Notes due October 15, 2024 (“Notes”)

 

Listed Since: 2021/08/18

Currency: USD

CUSIP: G2002C AA8

ISIN: USG2002CAA83

Telephone: 353-1-231-1900                                                                     www.flyleasing.com

 

Hamilton, Bermuda – 5 August 2022.

 

In conformity with listing regulation 6(2) of the Bermuda Stock Exchange Listing Regulations Section III(B), the Board of Directors of Fly Leasing Limited (“Fly”) announces that the discharge of intragroup liabilities resulting from the AASET 2021-1 transaction aggregating $106,565,832 (as detailed in Note 16 to the consolidated balance sheet of Fly of March 31, 2022) has been effected by the issue to and repurchase of common shares from its sole shareholder, Carlyle Aviation Fly Ltd.

 

The net result of such transaction is that a further 532,606 common shares of Fly have been issued to Carlyle Aviation Fly Ltd. As at the date of this announcement, Carlyle Aviation Fly Ltd. is the sole shareholder of Fly, owning 532,706 common shares. Fly has no other equity securities outstanding.

 

BSX Listing Sponsor: Harbour Financial Services Limited

 

Victoria Place, 31 Victoria Street, Hamilton, HM10 Bermuda

 

Fly Leasing Limited (as Issuer of the Notes) is a global lessor of modern generation, in-demand, fuel-efficient commercial jet aircraft. Fly is principally engaged in leasing commercial aircraft and engines under multi-year contracts to a diverse group of airlines around the world. As of March 31, 2021, Fly’s portfolio consisted of 84 commercial jet aircraft with 75 narrowbody passenger aircraft and nine widebody aircraft (including two freighters), as well as seven engines. Fly’s portfolio consists exclusively of Boeing and Airbus aircraft, with 48 Boeing aircraft and 36 Airbus aircraft as of March 31, 2021. As of March 31, 2021, Fly’s aircraft were on lease to 36 lessees in 23 countries, with a weighted average remaining lease term for the portfolio of 4.9 years. The aircraft in Fly’s portfolio had a weighted average age of 8.4 years, as of March 31, 2021

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.

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