debt
confidence high
sentiment neutral
materiality 0.50
FTAI Aviation subsidiary to offer $500M senior notes due 2030 to repay revolver and for general purposes
FTAI Aviation Ltd.
- Subsidiary Fortress Transportation & Infrastructure Investors LLC offers $500M senior notes due 2030 in private placement.
- Notes fully and unconditionally guaranteed on a senior unsecured basis by FTAI Aviation Ltd.
- Net proceeds to repay outstanding borrowings under JPMorgan revolving credit facility and for general corporate purposes.
- Offering limited to qualified institutional buyers under Rule 144A and offshore investors under Regulation S; not registered under Securities Act.
- Announcement made on November 16, 2023; interest rate and specific maturity terms not disclosed.