Core Viewpoint - FTAI Aviation Ltd. announced the early tender results of its cash tender offer to purchase up to $300 million of its outstanding 9.750% Senior Notes due 2027, with $269,093,000 validly tendered by the Extended Early Tender Deadline [1][9]. Group 1: Tender Offer Details - The tender offer is for a total of $300 million aggregate principal amount of the 2027 Notes, with a valid tender amount of $269,093,000 as of June 18, 2024 [1][9]. - The withdrawal deadline for the tender offer was June 14, 2024, and no extensions have been made for either the withdrawal or the extended early tender deadlines [3]. - The tender offer is set to expire on July 5, 2024, unless extended or terminated earlier by FTAI LLC [3]. Group 2: Financial Terms - Holders of the 2027 Notes who validly tender and do not withdraw their notes will receive a total consideration of $1,029 per $1,000 principal amount, plus accrued interest [11][12]. - The expected settlement date for the notes validly tendered by the Extended Early Tender Deadline is June 21, 2024 [12]. Group 3: Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customer base [6]. - The company invests in aviation assets and aerospace products that generate strong cash flows and have potential for earnings growth and asset appreciation [6].

Core Viewpoint - FTAI Aviation Ltd. has amended its cash tender offer to purchase up to $300 million of its outstanding 9.750% Senior Notes due 2027, extending the early tender deadline and expiration time for the offer [1][11]. Tender Offer Details - The aggregate principal amount of the 2027 Notes validly tendered as of the original early tender deadline was $258,468,000 [2][3]. - Holders who validly tender their 2027 Notes by the extended early tender deadline will receive an early tender payment of $30.00 for each $1,000 principal amount of 2027 Notes accepted for purchase [4][5]. - If the tender offer is fully subscribed by the extended early tender deadline, holders who tender after this date will not have their notes accepted for payment [5][13]. Settlement and Conditions - FTAI LLC reserves the right to accept for purchase all 2027 Notes validly tendered by the extended early tender deadline, with an announcement expected on June 21, 2024, if conditions are met [6][20]. - The tender offer will expire at 5:00 p.m. on July 5, 2024, unless further extended or terminated [11][19]. Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customer base [8]. - The company invests in aviation assets and aerospace products that generate strong cash flows and have potential for earnings growth and asset appreciation [8].

Company Overview - FTAI Infrastructure (NASDAQ:FIP) is an asset manager focused on American rail, crude, and natural gas infrastructure assets, primarily in Texas, Pennsylvania, Ohio, and New Jersey [3] - The company was spun off from FTAI Aviation Ltd. in August 2022 to develop its rail and energy assets [3] - FIP operates four segments: Railroad Services, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition, with the first three being the main contributors to revenue [3][5] Financial Performance - FIP is projected to generate approximately $200 million in EBITDA by Q2 2025, with an intrinsic value of $14 per share, considering potential project delays [2] - Total revenue is expected to grow from $320.5 million in 2023 to $478.2 million by 2026, with significant contributions from the Rails and Terminals segments [6] - The company anticipates a total EBITDA increase from $59.9 million in 2023 to $229.1 million by 2026 [6] Segment Analysis - The Railroad Services segment, Transtar, is the largest unit, consisting of six short-line freight operators and one switching company, with a focus on industrial and steel businesses [3][11] - The Terminals segment includes the Jefferson Terminal in Texas and the Repauno Terminal in New Jersey, with Jefferson Terminal expected to generate significant revenues from crude storage and throughput [3][12] - The Power and Gas segment operates a 485-megawatt natural gas-hydrogen power plant in Ohio, with potential for increased EBITDA through new agreements [4][15] Growth Opportunities - Management expects to achieve $30 million to $35 million in annual third-party revenue from Transtar, with an incremental $10 million per year thereafter [11] - Jefferson Terminal's expansion into hydrogen and ammonia export facilities is projected to enhance revenue streams, with commercial operations targeted for 2025 [14] - Long Ridge's potential behind-the-meter agreements could significantly increase EBITDA, with current contracts generating $40 million annually [15] Debt and Valuation - FIP's corporate debt is non-recourse, leaving Transtar debt-free, which provides a strong financial position for future projects [12] - The company has a low-cost debt structure, allowing for ample financing opportunities for new projects [13] - An estimated enterprise value of $2 billion reflects 85% of FIP's total present-day $2.4 billion enterprise value, based on a modest 2025 EV/EBITDA multiple of 10 [12]

Core Viewpoint - FTAI Aviation Ltd. has entered into a five-year EngineWise maintenance services agreement with IAE International Aero Engines AG for the V2500 engines, which includes over 100 full performance restoration shop visits, highlighting the engine's reliability and value in the aviation market [1][2]. Company Overview - FTAI Aviation focuses on engine leasing and currently owns over 140 V2500 engines, with plans to expand its portfolio to 200 by 2025 [6]. - The company provides cost savings and flexibility to its airline, lessor, and maintenance, repair, and operations customer base through its proprietary portfolio of products [4]. Engine Performance and Maintenance - The V2500 engine is recognized for its fuel efficiency, offering up to a 3% fuel burn and emissions advantage over previous generation engines, and is utilized in commercial, cargo, and military aircraft [7]. - IAE, a consortium that includes Pratt & Whitney, operates a global network of 13 facilities for maintenance, repair, and overhaul of the V2500 engine, ensuring comprehensive support for fleet performance [3]. Strategic Collaboration - The partnership between FTAI and IAE aims to optimize fleet performance and extend the life of the V2500 engine, reflecting a strong demand for this engine type in the coming decade [2][6].

Core Viewpoint - FTAI Aviation Ltd. is conducting a tender offer to purchase up to $300 million of its outstanding 9.750% Senior Notes due 2027, amending a previous announcement of $100 million [1][11]. Tender Offer Details - The tender offer will expire at 5:00 p.m. New York City time on July 2, 2024, unless extended or terminated earlier [2]. - The aggregate principal amount of the 2027 Notes outstanding is $400 million, with a tender cap of $300 million [2]. - Holders who validly tender their 2027 Notes by June 14, 2024, will receive an early tender payment of $30 for each $1,000 principal amount [4]. - After the early tender deadline, holders will only receive the tender offer consideration without the early tender payment [5]. - Accepted holders will receive accrued and unpaid interest from the last interest payment date to the settlement date [6]. Conditions and Management - FTAI LLC's obligation to accept the tendered notes is subject to certain conditions, including the completion of a debt financing [9]. - J.P. Morgan Securities LLC is acting as the dealer manager for the tender offer [10]. - The company has a proprietary portfolio of aviation assets, focusing on cost savings and flexibility for its customers [13].

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted company (the "Company" or "FTAI") previously announced the commencement of a tender offer (the "Tender Offer") by Fortress Transportation and Infrastructure Investors LLC ("FTAI LLC"), a wholly owned subsidiary of the Company, to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the "2027 Notes") on the terms and conditions described in FTAI ...

Core Viewpoint - FTAI Aviation Ltd. is initiating a cash tender offer to purchase up to $100 million of its outstanding 9.750% Senior Notes due 2027, with the offer set to expire on July 2, 2024, unless extended or terminated earlier [1][2]. Tender Offer Details - The tender offer is for a total of $400 million in outstanding 2027 Notes, with a tender cap of $100 million [2]. - The total consideration for the 2027 Notes is $1,029.00 per $1,000 principal amount, with an early tender payment of $30.00 for those who tender by June 14, 2024 [2][4]. - Holders who validly tender their notes will also receive accrued and unpaid interest from the last interest payment date to the settlement date [3][6]. Early Tender and Settlement - Holders who tender by the Early Tender Deadline will receive the early tender payment, while those who tender after will only receive the total consideration minus the early tender payment [5]. - FTAI LLC may accept all notes tendered by the Early Tender Deadline prior to the Expiration Time, with an announcement expected on June 18, 2024 [7]. Conditions and Management - The acceptance of the tendered notes is subject to certain conditions, including the completion of a debt financing satisfactory to FTAI LLC [8]. - J.P. Morgan Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them [9]. Company Overview - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customers [11]. - The company invests in aviation assets and aerospace products that generate strong cash flows and have potential for earnings growth and asset appreciation [11].

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted company (the "Company" or "FTAI") is announcing today that Fortress Transportation and Infrastructure Investors LLC ("FTAI LLC"), a wholly owned subsidiary of the Company, has commenced an offer (the "Tender Offer") to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the "2027 Notes") on the terms and conditions described in FTAI LLC's Offer ...

"Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings," said Joe Adams, CEO of FTAI. "We know the facility well and greatly value the team's technical expertise and commitment to quality. We are excited to grow the shop's piece-part repair capabilities and continue delivering modules and engines to the aftermarket from a world class facility in Montréal." NEW YORK and MONTRÉAL, May 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NA ...

FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including The Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products th ...