8-KMaterial AgreementsFinancial EventsExhibits & Filings

FTAI Aviation Ltd. 8-K Report, Material Agreement (May 21, 2019)

Filed May 21, 2019For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) announced on May 21, 2019, the successful closing of a private offering for $150.0 million in aggregate principal amount of additional 6.50% senior notes due 2025. These notes were issued at 99.125% of their principal amount, plus accrued interest. The company intends to utilize the net proceeds for general corporate purposes, specifically mentioning the funding of future investments, including those in the aviation sector. The issuance increases the total outstanding aggregate principal amount of these senior notes to $450.0 million. The newly issued notes share identical terms with the original notes issued in September 2018 and will be treated as a single class for all indenture purposes. This move suggests FTAI is securing additional capital to support its growth and investment strategies, particularly within its aviation segment.

Key Highlights

  • 1FTAI Aviation Ltd. closed a private offering of $150.0 million in additional 6.50% senior notes due 2025.
  • 2The offering price was 99.125% of the principal amount, plus accrued interest.
  • 3Net proceeds will be used for general corporate purposes, including future aviation investments.
  • 4The total outstanding principal amount of these senior notes now stands at $450.0 million.
  • 5The new notes have identical terms to the original notes and are treated as a single class under the indenture.
  • 6The issuance was conducted via a private offering, and the notes are not registered under the Securities Act of 1933.

Frequently Asked Questions

Following the offering, the total aggregate principal amount of FTAI Aviation Ltd.'s 6.50% senior notes due 2025 outstanding is $450.0 million.

The company intends to use the net proceeds for general corporate purposes, with a specific mention of funding future investments, including those within the aviation sector.

No, the additional notes have identical terms to the original notes issued in September 2018, with the only differences being the date of issuance and the issue price. They will be treated as a single class for all purposes under the indenture.

The additional notes were issued in a private offering and have not been registered under the Securities Act of 1933. Therefore, they cannot be offered or sold in the United States without registration or an applicable exemption.