debt
confidence high
sentiment neutral
materiality 0.70
FTAI Aviation subsidiary launches $600M senior notes due 2032 and $100M tender offer for 9.750% notes due 2027
FTAI Aviation Ltd.
- Issuer (Fortress Transportation and Infrastructure Investors LLC) offers $600M senior notes due 2032; fully guaranteed by FTAI Aviation.
- Net proceeds to repay revolving credit facility, fund management internalization termination fee, fund tender offer, fees, and general corporate purposes.
- Tender offer to purchase up to $100M of outstanding 9.750% Senior Notes due 2027 at $1029 per $1,000 (including $30 early tender payment).
- Tender offer expires July 2, 2024; early tender deadline June 14, 2024 with $30 early tender payment.
- New notes offered privately under Rule 144A and Regulation S; not registered under Securities Act.