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Fly Leasing Limited: Note Repurchases

18 December 2023

Hamilton, Bermuda:  18 December 2023 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, advises of note repurchases. The full filing stated:


Fly Leasing Limited


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

Listed Since: 2021/08/18

Currency: USD


Telephone: 353-1-231-1900

Hamilton, Bermuda – December 18, 2023


Note Repurchase Authorisation


On December 15, 2023, the board of directors of Fly Leasing Limited (“Fly”) authorised the repurchase of up to US$50 million of the Notes and together with $8,667,000 of Notes still authorised to be repurchased under the repurchase authorisation approved by Fly on September 22, 2023, Fly currently is authorised to repurchase up to US$58,667,000 of Notes, representing a maximum of approximately 29.3% of the $200,113,000 in aggregate principal amount of Notes that remain outstanding.


During 2023, Fly already has purchased and cancelled $91,333,000 in principal amount of Notes.


Notes will be purchased subject to market conditions, and may be purchased in open market transactions, pursuant to bilateral trades or 10b5-1 purchase programs. All Notes repurchased in relation to this announcement will be executed in accordance with the relevant regulations of the Bermuda Stock Exchange (the “BSX”), including, but not limited to, the BSX Listing Regulations – Section IIIB (the “Listing Rules”). Under the December 2023 authorisation, at such point as Fly has repurchased, in aggregate, 10% or more of the issued Notes in accordance with the Listing Rules, Fly will announce such repurchase no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred.


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

The Carlyle Group


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