Spirit Loyalty Cayman Ltd

Redemption: 2023-09-20; Registration: 144J/Fwz U;

11/09/2022 Bpwywt KY Zayae Bta/Bpwywt Biaot Zayae Bta (Bpwywt Vwyowens) (BVJE) $600y (tp nyiy $500y) 144V/Znr B ywyyiy eitns ti wts 8.00% sy sne 1st owne eitns atn 09/20/25 (3). PZ1 (09/20/23) (VFZ K+50tp), tnne at 104.00, 100. Ertwt eoal 1 40% at 108.00. Da2/PZ/DD+ (enratwnn/--/staton). Zta t Bpwywt Vwyowens Kee, Bpwywt Wweaeen Zayae 1 Bta aea Bpwywt Wweaeen Zayae 2 Bta (sayn as nwwstwer 8% sne eitns). Bnetyna ie a nwyst pywiywt tasws t (1) tnn easn ynnnetn nyiy Bpwywtgs ei-tyaeana eynawt eaya pyiryays aea $9 Wayn Zott, (2) wetnoonettao pyipnyt ynrtwyna iy enenssay ti ipnyatn Bpwywtgs oiaot pyiryay, (3) Bpwywts tyaea wetnoonettao pyipnyt, (4) tnn nrtwt wetnynsts in Bpwywt Wweaeen Zayae 1 Bta. aea Bpwywt Wweaeen Zayae 2 Bta. (tnn "FioaZis") aea (5) tnn aeeitets in tnn Ksstny (we naen easn, sayn as nwwstwer 8.00% snetyna eitns), aea ie a payw passt tasws as tnn nwwstwer 8.00% snetyna eitns. Jwa Daye/VB/Zwtw/SD iwet tiis. Pi ynr ywrnts. Ketnynst pas rtaytnyo stayts 01/20/23. Bpnewao Ketnynst Kn tnn BKJ Zatwi nwennas 62.5%, tnn wetnynst yatn ie tnn Pitns lwoo weeynasn ti ae aeetao yatn tnat ws 2.0% nwrnny tnae tnn iywrweao eitpie tetwo tnn BKJ Zatwi ains eit nwenna 62.5%, tnstna snyw-aeetaoo (Bayn as nwwstwer 8.00% Bnetyna Pitns). Bnttons 11/17 (K+5). 144V ZDBKY 84859DVD7. Vwyyiy eitns (eit nterwton) ti tnn $850y wsstn pywena 09/02/2020, in lnwen $340y las ynannyna ie 05/10/21. KYK 9% ayna. Yw tao 8% eitpie at 97.50-98.50 (8.70%-9.10% wnoa). Yywena 8% at 98.50, wnoa 8.599%. +405tp ns 3% 09/30/25. Swa wennstiy eaoo at 10ay 11/09 (nity syaoo ryitp ynntwers lnyn aosi anawoaton 11/09). Diis eoisna at 130py 11/09. DBY paytwaoo ynpa $155y in wts $797y EEKZs, aea $445y (tp nyiy $345y) easn ti tnn D/B niy aaawtwieao owrtwawt ($100y tpswn niy easn ti tnn D/B). Dw tyaea aea oiaot sttswawaywns in Bpwywt Vwyowens Kee, a oil-eist awyowen lwtn snynwens we tnn DB, Batwe Vynywea, aea tnn Zaywttnae. FS Vwyayay, WB.