DUBLIN and NEW YORK, June 10,
2021 /PRNewswire/ -- Fly Leasing Limited (NYSE: FLY)
("FLY") announced today that it has received shareholder approval
to be acquired by an affiliate of Carlyle Aviation Partners
("Carlyle Aviation"), the commercial aviation investment and
servicing arm within Carlyle's $59
billion Global Credit platform. Approximately 99.9% of the
votes cast at the special general meeting of FLY's shareholders
voted in favor of the transaction.
Closing of the transaction remains subject to the satisfaction
or waiver of customary closing conditions, including receipt of
regulatory approvals. The transaction is expected to close prior to
the end of July 2021. Upon closing,
FLY shareholders will receive $17.05
per share in cash for each FLY share that they own.
Following the closing of the transaction, FLY shares will no
longer be listed on the New York Stock Exchange and the company
will become part of Carlyle Aviation.
About FLY
FLY is a global aircraft leasing company
with a fleet of modern and fuel-efficient commercial jet aircraft.
FLY leases its aircraft under multi-year operating lease contracts
to a diverse group of airlines throughout the world. FLY is managed
and serviced by BBAM LP, a worldwide leader in aircraft lease
management and financing. For more information visit
www.flyleasing.com.
About Carlyle
Carlyle (NASDAQ: CG) is a global
investment firm with deep industry expertise that deploys private
capital across three business segments: Global Private Equity,
Global Credit and Investment Solutions. With $260 billion of assets under management as of
March 31, 2021, Carlyle's purpose is
to invest wisely and create value on behalf of its investors,
portfolio companies and the communities in which we live and
invest. Carlyle employs more than 1,800 people in 29 offices across
five continents. Further information is available
at www.carlyle.com. Follow Carlyle on Twitter
@OneCarlyle.
About Carlyle Aviation Partners
Carlyle Aviation
Partners is the commercial aviation investment and servicing arm of
Carlyle's $59 billion Global Credit
platform. It is a multi-strategy aviation investment manager that
seeks to capitalize on its extensive technical knowledge, in-depth
industry expertise and long-standing presence in the aviation
sector. As of March 31, 2021, it has
a team of more than 90 employees and offices in the US,
Ireland and Singapore.
Forward-Looking Statements
This communication contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that are subject to the
safe harbor created thereby. Statements that are not historical or
current facts, including statements about beliefs and expectations
and statements relating to the expected timing of the closing of
the transaction with an affiliate of Carlyle Aviation Partners, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties, and important factors could cause
actual results to differ materially from those anticipated,
including, but not limited to: the satisfaction of the conditions
precedent to the consummation of the proposed transaction,
including, the receipt of regulatory approvals; unanticipated
difficulties or expenditures relating to the proposed transaction;
legal proceedings, judgments or settlements, including those that
may be instituted against the company, the company's board of
directors and executive officers and others following the
announcement of the proposed transaction; disruptions of current
plans and operations caused by the announcement and pendency of the
proposed transaction; potential difficulties in employee retention
due to the announcement and pendency of the proposed transaction;
the response of customers, suppliers, business partners and
regulators to the announcement of the proposed transaction; and
other risks and uncertainties and the factors identified under
"Risk Factors" in Part I, Item 3 of FLY's Annual Report on Form
20-F for the year ended December 31,
2020, and updated in subsequent reports filed by FLY with
the SEC. These reports are available at www.flyleasing.com or
www.sec.gov. Forward-looking statements speak only as of the
date they are made, and FLY undertakes no obligation to update them
in light of new information or future events.
Contacts:
Matt Dallas
Fly Leasing Limited
+1 203-769-5916
ir@flyleasing.com
Christa Zipf
Carlyle
+1 347-621-8967
christa.zipf@carlyle.com
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SOURCE Fly Leasing Limited