secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Aviation Ltd. (FTAI)
CIK:        0001590364
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001140361-24-043204
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Aviation subsidiary issues $500M 5.875% Senior Notes due 2033; to redeem 9.75% 2027 notes
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- Issuer: Fortress Transportation and Infrastructure Investors LLC; Notes: $500M, 5.875% due April 15, 2033.
- Proceeds to redeem $130.5M outstanding 9.750% Senior Notes due 2027 at 102.438% plus accrued interest.
- Remaining net proceeds used to repay revolver, pay fees, and for general corporate purposes.
- Notes fully and unconditionally guaranteed by FTAI Aviation Ltd.; rank equally with existing senior unsecured debt.
- Make-whole redemption option up to Oct 15, 2027; after that, declining redemption prices, and 101% change-of-control put.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590364/000114036124043204/0001140361-24-043204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590364/000114036124043204/ef20036818_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043204

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