PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 19, 1:54 PM
| This Slide: #16 of 620 |
Slide #16. FTAI Aviation Ltd. — Preferred Stock Offering
Company:
FTAI Aviation Ltd. (NASDAQ:FTAI)
Date announced:
3/8/2023
Shares Offered:
2,600,000
Date of Pricing:
3/9/2023
Price Per Share:
$25.00
Preferred Stock Offering Details:
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". In connection with the offering, the Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the Preferred Shares being offered to cover over-allotments, if any. -updated 3/9- FTAI Aviation Ltd. (NASDAQ: FTAI) (the "Company" or "FTAI") announced today that it has priced its previously announced registered underwritten public offering of 2,600,000 Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), at a public offering price of $25.00 per share for gross proceeds of approximately $65 million. The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM". The offering is expected to close on March 15, 2023, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 390,000 additional Preferred Shares to cover over-allotments, if any.
Fortress Transportation and Infrastructure Investors is a holding company. Through its subsidiary, Fortress Worldwide Transportation and Infrastructure General Partnership, is engaged in the acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. Co.'s operations consist of two primary business units: Infrastructure and Equipment Leasing. Co.'s Infrastructure Business acquires long-lived assets that provide services or functions to transportation networks. Co.'s Equipment Leasing Business acquires assets that are designed to carry cargo or people or provide functionality to transportation infrastructure.
Preferreds: FTAIP, FTAIO, FTAIN, FTAIM
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Avg. Broker Rec.
 
|
Strong Buy (3.73 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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