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Hamilton, Bermuda:  27 February 2024 – In a filing with the Bermuda Stock Exchange (“BSX”), Fly Leasing Limited, advises of note repurchases. The full filing stated:

 

 

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 Repurchase Authorisation

 

On February 26, 2024, the board of directors of Fly Leasing Limited (“Fly”) authorised the repurchase of up to US$50 million of Notes, representing a maximum of approximately 35.08% of the $142,547,000 in aggregate principal amount of Notes that remain outstanding.

 

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 Listing Rules, at such point as Fly has repurchased, in aggregate, 10% of the outstanding amount of Notes, Fly will be required to file with the BSX an announcement of such repurchase no later than 8.30 a.m. on the business day following the calendar day on which such repurchase of Notes has occurred. If Fly purchases further Notes under this repurchase authorisation, a further announcement will be required to be filed with the BSX whenever an additional 5% in aggregate has been repurchased.

 

During 2024, Fly already has purchased and cancelled $57,566,000 in principal amount of Notes.

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 announcement. 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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