Summary
FTAI Aviation Ltd. (FTAI) announced the closing of a $100 million private placement of additional 6.75% senior unsecured notes due 2022. These notes, issued at a premium (102.75% of principal), supplement the original $250 million issuance from March 2017, creating a total of $350 million in aggregate principal amount of these notes. The company intends to use the net proceeds for general corporate purposes, including funding future investments. This offering enhances the company's liquidity and financial flexibility for strategic growth initiatives.
Key Highlights
- 1FTAI Aviation Ltd. closed a $100 million private placement of additional 6.75% senior unsecured notes due 2022.
- 2The additional notes were issued at a premium of 102.75% of the principal amount.
- 3These new notes are treated as the same series as the original $250 million notes issued on March 15, 2017, bringing the total principal amount outstanding to $350 million.
- 4The proceeds are intended for general corporate purposes and funding future investments.
- 5The offering was conducted as a private placement to institutional investors.
- 6The notes are unsecured and mature in 2022.
- 7The issuance is part of the company's strategy to bolster financial resources for growth.
Frequently Asked Questions
FTAI Aviation Ltd. is issuing these additional notes to raise capital for general corporate purposes, which includes funding future investments and supporting its strategic growth initiatives.
FTAI Aviation Ltd. raised $100 million in aggregate principal amount. The new notes are 6.75% senior unsecured notes due 2022, issued at a premium of 102.75% of their principal amount. They have the same terms as the original notes except for the issue date and price.
With the issuance of the additional $100 million in notes, the total aggregate principal amount of the 6.75% senior unsecured notes due 2022 outstanding is now $350 million ($250 million original + $100 million additional).
No, these notes were offered and sold in a private placement and have not been registered under the Securities Act of 1933. They may not be offered or sold in the United States without registration or an applicable exemption.