FTAI Aviation expands revolving commitments by $75 million

By Marisa Wong

Los Angeles, Nov. 23 – FTAI Aviation Ltd. announced that a wholly owned subsidiary entered into an amendment to its second amended and restated credit agreement dated Sept. 20, 2022, which provides for an increase in the form of additional revolving commitments by Citizens Bank, NA in an aggregate principal amount of $75 million.

The increase brings total commitments to $300 million, according to a press release.

Proceeds of the revolver will be used for working capital and other general corporate purposes.

Based in New York, FTAI owns and maintains commercial jet engines with a focus on CFM56 engines.

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