8-KOther Events

FTAI Aviation Ltd. 8-K Report, Corporate Update (Mar 3, 2017)

Filed March 3, 2017For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) announced on March 3, 2017, a private offering to raise $250 million in aggregate principal amount of senior unsecured notes due 2022. The primary purpose of this offering is to strengthen the company's balance sheet by fully repaying $100 million in outstanding indebtedness under its existing credit agreement, along with associated fees and expenses. The remaining proceeds will be allocated for general corporate purposes, including future investment opportunities. This offering is being conducted through private placements to qualified institutional buyers in the U.S. under Rule 144A and to investors outside the U.S. under Regulation S. Investors should note that these securities are not registered under the Securities Act and have restrictions on their resale within the U.S. unless registered or an exemption applies. The company has included cautionary language regarding forward-looking statements, highlighting potential risks and uncertainties that could affect the achievement of its stated plans.

Key Highlights

  • 1FTAI Aviation Ltd. is launching a $250 million offering of senior unsecured notes due 2022.
  • 2The offering is being conducted as a private placement to qualified institutional buyers and international investors.
  • 3Proceeds will be used to repay $100 million of outstanding credit facility debt and related fees.
  • 4Remaining funds are earmarked for general corporate purposes and future investments.
  • 5The notes are not registered under the Securities Act and are subject to resale restrictions in the U.S.
  • 6The company has included standard cautionary language regarding forward-looking statements.

Frequently Asked Questions

The primary purpose is to refinance existing debt by fully repaying $100 million of outstanding indebtedness under the company's credit agreement. The remaining proceeds will be used for general corporate purposes and to fund future investments, thereby strengthening FTAI's financial position and flexibility.

The notes are being offered in a private placement. In the United States, they are offered to qualified institutional buyers under Rule 144A of the Securities Act. Outside the United States, they are offered to investors under Regulation S.

These notes are being offered privately and are not registered under the Securities Act of 1933. This means they are restricted securities and cannot be freely resold in the United States unless registered or an applicable exemption from registration is available.

The cautionary language indicates that statements about the company's future plans and expectations (such as the use of proceeds or future investments) are not guarantees. They are based on current assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected. Investors should consider these potential risks when evaluating the company's prospects.