FTAI Aviation’s Fortress begins tender offer for 2025 senior notes

By Marisa Wong

Los Angeles, April 2 – FTAI Aviation Ltd. announced that wholly owned subsidiary Fortress Transportation and Infrastructure Investors LLC has begun an offer to purchase for cash any and all of the $650 million outstanding principal amount of its 6˝% senior notes due 2025 (Cusip: 34960PAB7, US3458LAD3).

The company is offering a tender consideration of $1,000 per $1,000 principal amount, plus accrued interest.

The tender offer will expire at 5 p.m. ET on April 8, which is also the withdrawal deadline.

Tenders made under guaranteed delivery procedures are due by 5 p.m. ET on April 10.

Settlement is expected to occur on April 11.

The offer is not conditioned on any minimum amount being tendered but is conditioned on Fortress raising sufficient proceeds from an offering of new senior notes to fund the tender offer.

Morgan Stanley & Co. LLC (800 624-1808 or 212 761-1057) is acting as the dealer manager for the tender offer.

D.F. King & Co., Inc. (212 269-5550 for banks and brokers or 800 290-6432 for all others; ftai@dfking.com; www.dfking.com/ftai) is the tender and information agent.

New York-based FTAI owns and maintains commercial jet engines.

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