FTAI Aviation Announces Extension of Early Tender Deadline for its 9.750% Senior Notes Due 2027

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].