debt
confidence high
sentiment neutral
materiality 0.60
FTAI Aviation subsidiary offers $400M senior notes due 2033 to refinance existing debt
FTAI Aviation Ltd.
- Issuer (Fortress Transportation) launching $400M senior notes due 2033 in private offering.
- Proceeds to redeem all outstanding 9.750% Senior Notes due 2027.
- Proceeds also to repay revolving credit facility in full without reducing commitments.
- Remaining net proceeds for general corporate purposes and additional debt repayments.
- Notes guaranteed on senior unsecured basis by FTAI Aviation Ltd.