FTAI Aviation Ltd. Enters Material Definitive Agreement
Ticker: FTAIN · Form: 8-K · Filed: May 30, 2024 · CIK: 1590364
| Field | Detail |
|---|---|
| Company | Ftai Aviation Ltd. (FTAIN) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
TL;DR
FTAI Aviation just signed a big deal, details TBD.
AI Summary
FTAI Aviation Ltd. announced on May 28, 2024, that it entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant new development for FTAI Aviation Ltd., potentially impacting its future operations and financial standing.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- FTAI Aviation Ltd. (company) — Filer of the 8-K
- 2024-05-28 (date) — Date of the material definitive agreement
FAQ
What is the nature of the material definitive agreement entered into by FTAI Aviation Ltd.?
The filing states that FTAI Aviation Ltd. entered into a material definitive agreement on May 28, 2024, but does not provide specific details about its terms or subject matter.
Who are the parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties involved in the material definitive agreement.
Are there any financial implications or dollar amounts associated with this agreement mentioned in the filing?
No specific dollar amounts or financial implications related to the material definitive agreement are detailed in this filing.
When was this material definitive agreement entered into?
The agreement was entered into on May 28, 2024.
What is the purpose of this 8-K filing for FTAI Aviation Ltd.?
The purpose of this 8-K filing is to report the entry into a material definitive agreement by FTAI Aviation Ltd.
Filing Stats: 864 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-05-30 16:26:34
Key Financial Figures
- $0.01 — ich registered: Class A Common shares, $0.01 par value per share FTAI The Nasdaq
Filing Documents
- ny20030051x5_8k.htm (8-K) — 40KB
- ny20030051x5_ex1-1.htm (EX-1.1) — 288KB
- ny20030051x5_ex5-1.htm (EX-5.1) — 87KB
- ny20030051x5ex5-1_maplesg.jpg (GRAPHIC) — 15KB
- 0001140361-24-028133.txt ( ) — 707KB
- ftai-20240528.xsd (EX-101.SCH) — 5KB
- ftai-20240528_def.xml (EX-101.DEF) — 19KB
- ftai-20240528_lab.xml (EX-101.LAB) — 30KB
- ftai-20240528_pre.xml (EX-101.PRE) — 22KB
- ny20030051x5_8k_htm.xml (XML) — 11KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On May 28, 2024 FTAI Aviation Ltd. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement"), among the Company, FIG LLC and an employee of FIG LLC (together, the "Selling Shareholders") and Citigroup Global Markets Inc. (the "Underwriter"). The following summary of certain provisions of the Underwriting Agreement is qualified in its entirety by reference to the complete Underwriting Agreement filed as Exhibit 1.1 hereto and incorporated herein by reference. Pursuant to the Underwriting Agreement, subject to the terms and conditions expressed therein, the Selling Shareholders agreed to sell to the Underwriter an aggregate of 2,090,561 of the Company's ordinary shares, at a price of $ 80.42 per share. The ordinary shares are being sold pursuant to a prospectus supplement, dated May 28 , 2024, and related prospectus, dated February 27, 2023, each filed with the Securities and Exchange Commission, relating to the Company's automatic shelf registration statement on Form S-3 (File No. 333-270042). The Company and the Selling Shareholders have separately agreed to indemnify the Underwriter against certain liabilities, including certain liabilities under the Securities Act of 1933, as amended. If the Company or the Selling Shareholders is unable to provide the required indemnification, the Company or the Selling Shareholders, as the case may be, have agreed to contribute to payments the Underwriter may be required to make in respect of those liabilities. In addition, the Underwriting Agreement contains customary representations, warranties and agreements of the Company and the Selling Shareholders, and customary conditions to closing. The offering closed on May 30 , 2024. The Underwriter and its affiliates have in the past provided, are currently providing and may in the future from time to time provide, investment banking and other financing, trading, banking, research, transfer agent a
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed herewith: No. Description 1.1 Underwriting Agreement, dated May 28, 2024, among, the Company, the Selling Shareholders and Citigroup Global Markets Inc. 5.1 Opinion of Maples and Calder (Cayman) LLP, relating to the Ordinary Shares (including the consent required with respect thereto). 23.1 Consent of Maples and Calder (Cayman) LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FTAI Aviation Ltd. By: /s/ Eun (Angela) Nam Name: Eun (Angela) Nam Title: Chief Financial Officer and Chief Accounting Officer Date: May 30, 2024