FTAI Aviation Ltd. Announces Proposed Public Offering of Preferred Shares
NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company" or "FTAI") announced today its intention to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), in a registered underwritten public offering.
- NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company" or "FTAI") announced today its intention to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), in a registered underwritten public offering.
- The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM".
- The Company intends to use the net proceeds from the sale of the shares in this offering for general corporate purposes.
- Morgan Stanley, Citigroup, J.P. Morgan, Stifel, RBC and UBS Investment Bank are acting as joint book-running managers for the proposed offering.