FTAI Aviation announces $650M private offering of senior notes due 2031 and tender offer for 2025 notes

FTAI Aviation Ltd.

FTAI LLC commences private offering of $650M aggregate principal amount of senior notes due 2031.
Proceeds from offering, with cash on hand, to fund tender offer for any and all $650M 6.50% Senior Notes due 2025.
Tender offer for 2025 notes at $1,000 per $1,000 principal plus accrued interest, expires April 8, 2024.
The tender offer is conditioned on raising gross proceeds from new notes satisfactory to the Company.
As of March 28, 2024, FTAI LLC had $175M borrowings outstanding and $125M capacity under revolving credit facility.

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