---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-011835"
form_type: "8-K"
ticker: "FTAI"
cik: "0001590364"
company_name: "FTAI Aviation Ltd."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:01:50.266640+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FTAI Aviation closes $65M offering of 2.6M Series D Preferred Shares at 9.5%

## Summary
- Closed offering of 2,600,000 Series D Preferred Shares at $25/share on March 15, 2023; underwriters have 30-day option for up to 390,000 additional shares.
- Initial distribution rate 9.500% per annum; after June 15, 2028, resets to Five-Year Treasury Rate plus 516.2 bps.
- Shares rank senior to ordinary shares and pari passu with Series A, B, and C preferred shares.
- Redeemable at $25.00 per share on or after June 15, 2028; special redemption at $25.50 before that date for Rating Event; no mandatory redemption.
- No stated maturity; limited voting rights only if dividends unpaid for six or more quarterly periods.

## SEC filing metadata
- accession: 0001140361-23-011835
- form_type: 8-K
- ticker: FTAI
- cik: 0001590364
- company_name: FTAI Aviation Ltd.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590364/000114036123011835/0001140361-23-011835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590364/000114036123011835/brhc10049824_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-011835
- JSON: https://secwatch.observer/filing/0001140361-23-011835.json
- Plain text: https://secwatch.observer/filing/0001140361-23-011835.txt

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