FTAI Aviation prices $400 million senior notes offering

FTAI Aviation priced its $400 million senior notes due 2033 in a private offering through its subsidiary Fortress Transportation and Infrastructure Investors on September 30, 2024. The notes are guaranteed by FTAI Aviation. The company intends to use the proceeds to redeem in full all of its outstanding 9.750% senior notes due 2027 and repay in full all amounts outstanding under the revolving credit facility under the third amended and restated credit agreement dated May 23, 2024. In addition it will be used to pay fees and expenses related to the foregoing transactions. Remaining net proceeds will be used for