Co-Manager
Fortress Transportation and Infrastructure Investors LLC
Debt Capital Markets
Senior Unsecured Notes
Transaction Details
• On April 12, 2021, Fortress Transportation & Infrastructure Investors LLC (the “Company”) (NYSE: FTAI) announced that it has completed its $500 million private offering of 5.50% Senior Unsecured Notes due 2028
• The Company intends to use the net proceeds from the offering to redeem in full its outstanding 6.75% Senior Notes due 2022 at a redemption price equal to par plus accrued and unpaid interest to the redemption date, and to use the remaining net proceeds for general corporate purposes
• FTAI is externally managed by an affiliate of Fortress Investment Group LLC
About the company
Fortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) owns and acquires high-quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Sources: Company Filings and Press Release
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