Fly Leasing Limited: Note Repurchases

Fly Leasing Limited:  Note Repurchases

 

Hamilton, Bermuda:  9 January 2024 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, advises of note repurchases. 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 – February 9, 2024

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Note Repurchases

 

On February 8, 2024, Fly Leasing Limited (“Fly”) repurchased $57,566,000 in principal amount of Notes (the “Note Repurchases”). On the date of the Note Repurchases, $8,667,000 of the Notes were repurchased under a $50,000,000 note repurchase authorization approved by the board of directors of Fly (the “Board”) on September 22, 2023 and the remaining $48,899,000 of the Notes were repurchased under a $50,000,000 note repurchase authorization approved by the Board on December 15, 2023.

 

Pursuant to BSX Listing Regulations – Section IIIB, an announcement needs to be made to the Bermuda Stock Exchange (the “BSX”) when, in aggregate, 10% of the outstanding amount of the Notes has been acquired. The Note Repurchases represented 28.8% of the $200,113,000 in aggregate principal amount of Notes that were outstanding on February 8, 2024 and exhausted the funds available under both of the September 2023 and December 2023 note repurchase authorizations.

 

As of February 9, 2024, Fly has $142,547,000 in aggregate principal amount of Notes outstanding. The Board 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 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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