secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Aviation Ltd. (FTAI)
CIK:        0001590364
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001140361-26-017931
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI upsizes revolving credit facility to $2.025B, extends maturity to 2031
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- Total commitments increased from $400M to $2.025B; maturity extended to April 2031.
- Facility oversubscribed; syndication agents: JPMorgan, BNP Paribas, Citibank, MUFG, PNC, RBC.
- Improved pricing reduces borrowing cost; SOFR +1.25%-2.00% or Base Rate +0.25%-1.00%.
- Proceeds for working capital, general corporate purposes, and permitted acquisitions.
- Financial covenants: min interest coverage 3.00x, max debt/EBITDA 4.00x (temporarily 4.50x).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590364/000114036126017931/0001140361-26-017931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590364/000114036126017931/ef20071938_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-017931

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