debt
confidence high
sentiment neutral
materiality 0.65
FTAI Aviation prices $800M 7% senior notes due 2032; ups tender offer to $300M for 9.75% notes
FTAI Aviation Ltd.
- Privately offered $800M of 7.000% senior notes due 2032, up from previously announced $600M.
- Proceeds to repay revolver, fund management internalization termination fee, and tender offer for 9.75% notes.
- Tender offer increased to up to $300M aggregate principal amount of 9.750% Senior Notes due 2027 (from $100M).
- Notes issued at 100% of principal; fully and unconditionally guaranteed by FTAI Aviation.
- Tender offer expires July 2, 2024; early tender payment of $30 per $1,000 principal.