debt
confidence high
sentiment neutral
materiality 0.60
FTAI Aviation prices $700M 7% senior notes due 2031, upsized from $650M
FTAI Aviation Ltd.
- Issuer (Fortress Transportation) priced $700M aggregate principal of 7.000% senior notes due 2031 at 100% of par.
- Notes were increased by $50M from the previously announced $650M offering.
- Net proceeds used to fund cash tender offer for all $650M of existing 6.50% Senior Notes due 2025 and redeem any remaining.
- Remaining proceeds allocated to fees and general corporate purposes.
- Offering made to QIBs under Rule 144A and offshore under Regulation S; notes unregistered.