Carlyle Aviation completes acquisition of Fly Leasing

Carlyle Aviation Partners has completed its previously announced acquisition of Fly Leasing, following the receipt of the required government approvals for the merger. Carlyle Aviation has used funds from its fifth aviation fund, SASOF V, for this acquisition. Also today, FLY has announced the expiration and final results of the previously announced offer by Carlyle Aviation Elevate Merger Subsidiary (Elevate) to exchange the 5.250% senior notes due 2024 of FLY for newly-issued 7.000% senior notes due 2024.  FLY intends to raise $100 million with this new issuance, with the proceeds earmarked for general corporate purposes. Pursuant to the terms of the