Co-Manager
Fortress Transportation and Infrastructure Investors LLC
Debt Capital Markets
Senior Unsecured Notes
Transaction Details
- On May 21, 2019, Fortress Transportation and Infrastructure Investors LLC (“FTAI” or the “Company”) closed its previously announced private tack-on offering of $150 million in aggregate principal amount of 6.50% Senior Unsecured Notes due 2025 (the “Tack-on Notes”)
- The original 6.50% Senior Unsecured Notes due 2025 were issued in an aggregate principal amount of $300 million on September 18, 2018 (Stephens served as Co-Manager)
- The Tack-on Notes were issued at 99.125% of principal, plus accrued interest from and including April 1, 2019
- FTAI owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally - FTAI is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm
- The Company intends to use the net proceeds from the offering for general corporate purposes, including the funding of future investments, including aviation investments
- Stephens Inc. served as Co-Manager in the offering
About the company
FTAI owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. The Company currently invests across four market sectors: aviation, energy, intermodal transport and rail. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, which has a dedicated team of professionals who collectively have acquired over $17 billion in transportation-related assets since 2002. As of March 31, 2019, FTAI had total consolidated assets of $2.9 billion and total equity capital of $973.1 million.
Source: Publicly Available Information.
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