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Hamilton, Bermuda:  25th, October 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, announced the Note Repurchases.

 

 

 Fly Leasing Limited

______________________________________________________________________________

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

 

 

Note Repurchases

 

On 18 August 2021, a total of $390,307,000 in principal amount of Notes were admitted to listing on the Bermuda Stock Exchange (“BSX”).

 

Further to the announcement of 17 October 2022 by Fly Leasing Limited (“Fly”) that its board of directors had authorised the repurchase of up to US$50,000,000 in principal amount of Notes, Fly announces that, as of 24 October 2022, Fly has agreed to repurchase $44,446,000 in principal amount of Notes constituting, in aggregate, at least 10% of the outstanding amount of the Notes (the “Note Repurchases”).

 

Pursuant to BSX Listing Regulations – Section IIIB, an announcement shall be made to the BSX when, in aggregate, ten percent (10%) of the outstanding amount of the Notes has been acquired.

 

Settlement of all of the Note Repurchases will be completed on or around 27 October 2022 and, following repurchase, the Notes comprising the Note Repurchases will be cancelled. The amount of the Notes outstanding after the Note Repurchases is $296,782,000. The board of directors of Fly will continue to assess the market and may decide to authorise further repurchases of Notes from time to time.

 

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

Forward-Looking Statements:

 

Certain statements and indicative projections (which may include modelled loss scenarios) made in this release or otherwise that are not based on current or historical facts are forward-looking in nature including, without limitation, statements containing the words “believes”, “anticipates”, “aims”, “plans”, “projects”, “forecasts”, “guidance”, “intends”, “expects”, “estimates”, “predicts”, “may”, “can”, “likely”, “will”, “seeks”, “should”, or, in each case, their negative or comparable terminology.

 

All forward-looking statements in this release speak only as at the date of publication. Fly expressly disclaims any obligation or undertaking (save as required to comply with any legal or regulatory obligations including the rules of the BSX) to disseminate any updates or revisions to any forward-looking statement to reflect any changes in Fly’s expectations or circumstances on which any such statement is based. All subsequent written and oral forward-looking statements attributable to Fly or individuals acting on behalf of Fly are expressly qualified in their entirety by this note. Prospective investors should specifically consider the factors identified in this release which could cause actual results to differ before making an investment decision.

 

Media contacts:

Kristen Greco

(212) 813-4763

kristen.greco@carlyle.com

The Carlyle Group        

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