FTAI Aviation Ltd. Files 8-K with Financial Details

TL;DR

FTAI Aviation dropped an 8-K on 6/3 detailing preferred share series - check it for capital structure info.

AI Summary

FTAI Aviation Ltd. filed an 8-K on June 3, 2024, to report other events and financial statements. The filing details the company's structure, including various series of preferred shares such as the Eight25 Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares and the Eight00 Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares.

Why It Matters

This filing provides investors with updated information on FTAI Aviation's financial structure and preferred share offerings, which is crucial for understanding the company's capital composition.

Risk Assessment

Risk Level: low — This is a routine filing reporting financial information and does not indicate any immediate operational or financial distress.

Key Players & Entities

• FTAI Aviation Ltd. (company) — Filer of the 8-K report
• 0001140361-24-028455 (document_id) — Accession number for the filing
• 20240603 (date) — Filing date
• Eight25 Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (security) — Specific preferred share series mentioned
• Eight00 Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (security) — Specific preferred share series mentioned

FAQ

Key Financial Figures

• $0.01 — ich registered: Class A Common shares, $0.01 par value per share FTAI The Nasdaq
• $600.0 million — "Issuer"), is commencing an offering of $600.0 million aggregate principal amount of senior no
• $100.0 million — (the "Tender Offer") to purchase up to $100.0 million aggregate principal amount of the Issue
• $400.0 million — regate principal amount of the Issuer's $400.0 million aggregate principal amount of outstandi

Filing Documents

• ny20030427x1_8k.htm (8-K) — 40KB
• ny20030427x1_ex99-1.htm (EX-99.1) — 22KB
• ny20030427x1_ex99-1logo1.jpg (GRAPHIC) — 36KB
• ny20030427x1_ex99-1logo2.jpg (GRAPHIC) — 8KB
• 0001140361-24-028455.txt ( ) — 329KB
• ftai-20240603.xsd (EX-101.SCH) — 5KB
• ftai-20240603_def.xml (EX-101.DEF) — 19KB
• ftai-20240603_lab.xml (EX-101.LAB) — 30KB
• ftai-20240603_pre.xml (EX-101.PRE) — 22KB
• ny20030427x1_8k_htm.xml (XML) — 11KB

01

Item 8.01 Other Events. On June 3, 2024, FTAI Aviation Ltd. ("FTAI Aviation" and, together with its consolidated subsidiaries, the "Company," "we," "us" or "our") announced that Fortress Transportation and Infrastructure Investors LLC, its subsidiary (the "Issuer"), is commencing an offering of $600.0 million aggregate principal amount of senior notes due 2032 (the "2032 Notes") in a private offering (the "Private Offering"), subject to market and other conditions. The 2032 Notes will be fully and unconditionally guaranteed on a senior unsecured basis by FTAI Aviation. The Issuer intends to use the net proceeds from the Private Offering (i) to repay in full amounts outstanding under our Revolving Credit Facility provided under the Third Amended and Restated Credit Agreement, dated as of May 23, 2024, without a reduction in commitments, (ii) to fund the cash termination fee for the previously announced management Internalization described in our Current Report on Form 8-K dated May 28, 2024, (iii) to fund the Tender Offer (as defined below), (iv) to pay fees and expenses related to the foregoing transactions and (v) for general corporate purposes, which may include additional repayments of our indebtedness. The 2032 Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside of the United States under Regulation S under the Securities Act. The 2032 Notes will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. In addition, on June 3, 2024, the Company announced the commencement by the Issuer of a cash tender offer (the "Tender Offer") to purchase up to $100.0 million aggregate principal amount of the Issuer's $400.0 million aggregate

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release, dated June 3, 2024. 104 Cover Page Interactive Data File (embedded with 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: June 3, 2024

View Full Filing

View this 8-K filing on SEC EDGAR