8-KOther Events

FTAI Aviation Ltd. 8-K Report, Corporate Update (May 29, 2018)

Filed May 29, 2018For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) announced on May 29, 2018, the pricing of a private offering for an additional $100 million aggregate principal amount of its 6.75% senior notes due 2022. These notes are being issued at par, with accrued interest. This offering increases the total outstanding principal of these notes to $550 million, from the previous $450 million. The company intends to use the net proceeds for general corporate purposes, which may include funding future investments. This move suggests FTAI is seeking to enhance its liquidity and potentially finance growth opportunities. Investors should note that the offering is subject to certain closing conditions and the notes are offered in a private placement to qualified institutional buyers and non-U.S. persons, thus not registered under the Securities Act.

Key Highlights

  • 1FTAI priced a private offering of $100 million in additional 6.75% senior notes due 2022.
  • 2The new notes are issued at 100.00% of principal plus accrued interest.
  • 3This offering increases the total outstanding 6.75% senior notes due 2022 to $550 million.
  • 4Proceeds are earmarked for general corporate purposes, including potential future investments.
  • 5The offering targets qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S).
  • 6The Additional Notes are not registered under the Securities Act and have resale restrictions.
  • 7The closing of the offering is contingent on certain limited conditions.

Frequently Asked Questions

After this offering, the total aggregate principal amount of 6.75% senior notes due 2022 outstanding will be $550 million ($450 million previously outstanding + $100 million from this offering).

FTAI intends to use the net proceeds for general corporate purposes, including the funding of future investments.

The Additional Notes are offered privately to qualified institutional buyers in the United States under Rule 144A and to persons outside the United States under Regulation S.

No, these Additional Notes have not been registered under the Securities Act of 1933 or any state securities laws. They are offered in a private placement and may not be offered or sold in the U.S. without registration or an applicable exemption.