debt
confidence high
sentiment neutral
materiality 0.70
FTAI issues $800M 7% senior notes due 2032; extends tender offer for 9.75% notes
FTAI Aviation Ltd.
- Issued $800M of 7.000% Senior Notes due 2032; net proceeds to repay revolver, fund internalization fee, and repurchase up to $300M of 9.750% notes due 2027.
- Tender offer for 9.750% notes extended: early tender deadline now June 18, 2024; expiration extended to July 5, 2024.
- As of original deadline, $258.468M aggregate principal of 9.750% notes had been tendered.
- Notes are senior unsecured, guaranteed by FTAI Aviation; callable at make-whole until June 2027, then declining premiums.