---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-011187"
form_type: "8-K"
ticker: "FTAI"
cik: "0001590364"
company_name: "FTAI Aviation Ltd."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:29:14.172737+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FTAI Aviation prices $65M offering of 9.5% Series D preferred shares at $25/share

## Summary
- Offering of 2.6M 9.5% Series D cumulative perpetual preferred shares at $25/share; underwriters have 30-day option for 390,000 additional shares.
- Expected closing March 15, 2023; net proceeds for general corporate purposes.
- FIG LLC (Manager) will receive options equal to 10% of gross capital raised, exercisable over 30 months, expire in 10 years.
- Underwriters include Morgan Stanley, Citigroup, J.P. Morgan, RBC, Stifel, UBS.

## SEC filing metadata
- accession: 0001140361-23-011187
- form_type: 8-K
- ticker: FTAI
- cik: 0001590364
- company_name: FTAI Aviation Ltd.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590364/000114036123011187/0001140361-23-011187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590364/000114036123011187/ny20008091x3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-011187
- JSON: https://secwatch.observer/filing/0001140361-23-011187.json
- Plain text: https://secwatch.observer/filing/0001140361-23-011187.txt

## Key facts
- Material Agreements
  FTAI Aviation Ltd. entered into Underwriting Agreement with Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated and UBS Securities LLC, as representatives of the underwriters (effective 2023-03-08).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated and UBS Securities LLC, as representatives of the underwriters
  - Effective: 2023-03-08
  source text: On March 8, 2023, FTAI Aviation Ltd. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated and UBS Securities LLC, as representatives of the underwriters named therein (collectively, the “Underwriters”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590364/000114036123011187/0001140361-23-011187-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.