This page provides announcements from The Bermuda Stock Exchange (BSX) and regulatory news filings 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.

Fly Leasing Limited: Repurchase and Issue of Common Shares

26 September 2022

Hamilton, Bermuda:  26th, September 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

________________________________________________________________________________

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 – 26 September 2022

 

Note Repurchase Programme

 

Further to the announcement of 9 September 2022 by Fly Leasing Limited (“Fly”) regarding the repurchase programme of up to US$50,000,000 in principal amount value of its 7.000% Senior Notes Due 2024 (the “Note Repurchase Programme”), Fly announces that, in a series of trades culminating on 22 September 2022, Fly has agreed to repurchase $49,079,000 in principal amount value of the Notes constituting, in aggregate, at least 10% of the outstanding amount of the Notes (the “September 22 Repurchases”).

 

Pursuant to Bermuda Stock Exchange (“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.

 

Trades in the September 22 Repurchases will be settled on or around 27 September 2022 and, following repurchase, the Notes comprising the September 22 Repurchases will be cancelled. The amount of the Notes outstanding after the September 22 Repurchases is $341,228,000. 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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