secwatch / observer
8-K filed November 23, 2022, 6:59 PM ET ticker FTAI CIK 0001590364
debt confidence high sentiment neutral materiality 0.40

FTAI Aviation subsidiary ups revolving credit facility by $75M to $300M total

FTAI Aviation Ltd.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FTAI Aviation Ltd. amended Amendment No. 1 with Citizens Bank, National Association valued at $75,000,000 (effective 2022-11-22).

Action
amendment
Agreement
credit facility
Counterparty
Citizens Bank, National Association
Value
$75,000,000
Effective
2022-11-22
Exact text from the filing
On November 22, 2022 (the “Closing Date”), Fortress Transportation and Infrastructure Investors LLC, a Delaware limited liability company (the “Company”) and wholly-owned subsidiary of the registrant, FTAI Aviation Ltd. (“FTAI Aviation”), entered into Amendment No. 1 (the “Amendment”) to the Second Amended & Restated Credit Agreement (the “A&R Credit Agreement”), dated as of September 20, 2022, among the Company, as the borrower, certain lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Amendment provides for an increase in the revolving Commitments (as defined in the A&R Credit Agreement) in the form of additional revolving commitments by Citizens Bank, National Association, as Incremental Lender (under and as defined in the Amendment) to be made available to the Company in an aggregate principal amount of $75,000,000 (the “Incremental Commitment”).
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FTAI Aviation Ltd. filing history →

Source: SEC EDGAR
accession 0001140361-22-042854
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