This page provides Regulatory news filings submitted by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

 

Hamilton, Bermuda:  16 June 2023 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, advised of an unsecured intercompany loan. The full filing stated:

 

 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 – 14 June 2023

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Unsecured Intercompany Loan

 

In accordance with BSX Listing Regulation Section IIIB paragraph 6.2, Fly Leasing Limited (“Fly”) today announces that it has entered into an unsecured intercompany short term loan arrangement with its sole shareholder, Carlyle Aviation Fly Ltd. (the “Parent”) under which Fly has borrowed from the Parent USD 76,432,322.00 (the “Loan”).

 

The Loan can be prepaid at par by the Company at any time and from time to time in whole or in part without premium or penalty. The Loan accrues interest on a daily basis, at a rate of 7.75% per annum, and all accrued interest is payable at maturity on 1 June 2024, except with respect to any portion of the Loan prepaid prior to maturity. The obligations of Fly under the Loan will rank pari passu in right of payment with the Notes.

 

The proceeds of the Loan are to be used by Fly for general corporate purposes.

 

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 announcement 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 announcement 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 announcement 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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