8-KOther Events

FTAI Aviation Ltd. 8-K Report, Corporate Update (Dec 18, 2017)

Filed December 18, 2017For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI), through its parent Fortress Transportation and Infrastructure Investors LLC, announced on December 18, 2017, its intention to issue $75 million in aggregate principal amount of additional 6.75% senior notes due 2022. This offering is being conducted as a private placement, subject to customary conditions. The company currently has $350 million of the same series of notes outstanding, and the new issuance will increase the total principal amount of these senior notes due in 2022.

Key Highlights

  • 1FTAI is launching a private offering of $75 million in additional 6.75% senior notes due 2022.
  • 2The offering will increase the total principal of outstanding 6.75% senior notes due 2022 to $425 million ($350 million currently outstanding + $75 million new issuance).
  • 3Proceeds are intended for general corporate purposes and to fund future investments, suggesting potential growth initiatives.
  • 4The offering is structured as a private placement to qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S).
  • 5The securities offered are not registered under the Securities Act of 1933, implying restrictions on their resale in the U.S.
  • 6The company includes standard cautionary language regarding forward-looking statements, noting potential risks and uncertainties that could affect actual results.

Frequently Asked Questions

The net proceeds from the offering are intended for general corporate purposes, which include funding future investments. This suggests FTAI is seeking capital to support its growth strategy and potential acquisitions or capital expenditures.

The notes are being offered privately to qualified institutional buyers in the United States under Rule 144A and to persons outside the United States under Regulation S. This means they are not available to the general public.

Currently, there are $350 million of these notes outstanding. With the proposed $75 million offering, the total aggregate principal amount will increase to $425 million.

Yes, the Additional Notes are offered in a private placement and have not been registered under the Securities Act of 1933. Therefore, they cannot be offered or sold in the United States absent registration or an applicable exemption from registration requirements, and are subject to restrictions on resale.