FTAI Aviation Ltd. has recently announced the early tender results of their cash tender offer to purchase up to $300,000,000 aggregate principal amount of Fortress Transportation and Infrastructure Investors LLC’s outstanding 9.750% Senior Notes due 2027. According to D.F. King & Co., Inc., by the Extended Early Tender Deadline, $269,093,000 aggregate principal amount of the 2027 Notes were validly tendered and not withdrawn.
The Tender Offer, which is part of FTAI Aviation Ltd.’s strategic financial planning, presents an opportunity for bondholders to benefit from early tender rewards and cash offers. The table provided in the announcement outlines the details of the tender offer, including the aggregate principal amount of notes tendered and accepted for purchase.
It’s important to note the deadlines associated with the Tender Offer, such as the Withdrawal Deadline and the Extended Expiration Time, to ensure that bondholders understand the terms and conditions of participation. Non-withdrawable notes tendered after the Withdrawal Deadline may not be withdrawn.
The settlement date for notes validly tendered and accepted for purchase is set for June 21, 2024, offering bondholders the opportunity to receive the total consideration per $1,000 principal amount of notes accepted for purchase, along with accrued and unpaid interest.
FTAI LLC has engaged J.P. Morgan Securities LLC as the dealer manager for the Tender Offer, providing bondholders with a reputable point of contact for any inquiries related to the transaction. Additional details and documents related to the Tender Offer can be obtained from D.F. King & Co., Inc., the tender and information agent for the offer.
Overall, FTAI Aviation Ltd.’s focus on aviation assets and aerospace products continues to drive strong and stable cash flows, offering investors the potential for earnings growth and asset appreciation. However, it is essential for bondholders to carefully consider the risks associated with participating in the Tender Offer before making any decisions.
For more information on the Tender Offer and FTAI Aviation Ltd., interested parties can contact Alan Andreini, Investor Relations at FTAI Aviation Ltd. The company’s commitment to transparency and communication underscores its dedication to providing investors with valuable updates and opportunities in the aviation sector.
