secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Aviation Ltd. (FTAI)
CIK:        0001590364
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001140361-23-011835
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590364/000114036123011835/0001140361-23-011835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590364/000114036123011835/brhc10049824_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-011835

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