What changed
FTAI Aviation Investors LLC, a subsidiary of FTAI Aviation Ltd., is commencing a private offering of $1.0 billion aggregate principal amount of senior notes due 2034. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by FTAI Aviation and by each subsidiary that guarantees the Issuer's Revolving Credit Facility and existing senior notes. Net proceeds will be used to repay in full all amounts outstanding under the Revolving Credit Facility (incurred to fund FTAI Aviation's accelerated share repurchase program) without a reduction in commitments, redeem a portion of the Issuer's 5.50% Senior Notes due 2028, and pay related fees and expenses.
Why it matters
FTAI Aviation Investors LLC, a subsidiary of FTAI Aviation Ltd., is commencing a private offering of $1.0 billion aggregate principal amount of senior notes due 2034. The notes will be fully and uncon