secwatch.observer — SEC 8-K summary
======================================

Issuer:     FTAI Aviation Ltd. (FTAI)
CIK:        0001590364
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001140361-22-041407
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI completes reincorporation to Cayman Islands; profit sharing agreement with GP
--------------------------------------------------------------------------------

- Shareholders received one-for-one ordinary shares in New FTAI; preferred shares remain outstanding held by New FTAI.
- New Services and Profit Sharing Agreement provides GP income incentive payments above 8% annualized hurdle and 10% capital gains incentive.
- New FTAI guaranteed existing 6.50% 2025 notes, 9.75% 2027 notes, 5.50% 2028 notes, and revolving credit facility.
- Board of directors, executive officers, and governance policies substantially unchanged after the merger.
- New FTAI shares began trading on Nasdaq under same symbols on November 11, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590364/000114036122041407/0001140361-22-041407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590364/000114036122041407/brhc10044100_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-041407

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer