FTAI completes spin-off of FTAI Infrastructure; receives $730M distribution, repays debt

FTAI Aviation Ltd.

Completed spin-off of FTAI Infrastructure; FTAI shareholders received one share of FTAI Infrastructure per share held.
Received $730M distribution from FTAI Infrastructure; used proceeds to repay all 2021 Bridge Loans, redeem $200M of 6.50% senior notes due 2025, and repay $175M under revolver.
Entered into new Management Agreement with FIG LLC (Fortress affiliate) for six-year initial term with automatic renewal.
Plans to pursue a merger transaction to become a Cayman Islands entity, subject to shareholder approval.

item 1.01 item 1.02 item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Eun (Angela) Nam

Chief Financial Officer

FTAI · FTAI Aviation Ltd.

Effective: 2022-08-01
Filed: August 1, 2022, 7:59 PM ET

The Board of Directors of the Company appointed Eun (Angela) Nam as the Company’s Chief Financial Officer, effective August 1, 2022.

Departed

Scott Christopher

Chief Financial Officer

FTAI · FTAI Aviation Ltd.

Effective: 2022-08-01
Successor: Eun (Angela) Nam
Filed: August 1, 2022, 7:59 PM ET

Scott Christopher resigned as the Company’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eun (Angela) Nam was appointed as Chief Financial Officer at FTAI Aviation Ltd..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Board of Directors of the Company appointed Eun (Angela) Nam as the Company’s Chief Financial Officer, effective August 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Christopher resigned as Chief Financial Officer at FTAI Aviation Ltd..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Scott Christopher resigned as the Company’s Chief Financial Officer.

View on SEC.gov

FTAI Aviation Ltd. filing history →

Source: SEC EDGAR

accession 0001140361-22-027698

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