Fortress Transportation to repay revolver drawings with notes

By Sara Rosenberg

New York, Nov. 16 – Fortress Transportation and Infrastructure Investors LLC plans to repay in full the outstanding borrowings under its revolving credit facility using proceeds from a $500 million senior notes offering, according to a market source.

The notes will also be used for general corporate purposes, which many include the funding of future acquisitions and investments.

Fortress Transportation is a New York-based owner and maintainer of commercial jet engines.

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