Fortress Transportation may lift revolver size by $125 million

By Sara Rosenberg

New York, Feb. 6 – Fortress Transportation & Infrastructure Investors LLC is evaluating increasing the aggregate commitments under its revolving credit facility by up to $125 million and making some other amendments, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

In addition, the company plans on using some of the proceeds from a $150 million senior unsecured add-on notes offering to repay borrowings under its revolver.

The new notes will also be used to fund future investments, including aviation investments.

Fortress Transportation is a New York-based owner, developer and acquirer of infrastructure and equipment in the transportation sector.

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