FTAI Aviation Announces Early Tender Results for its 9.750% Senior Notes Due 2027

Core Viewpoint - FTAI Aviation Ltd. has 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 as of the Extended Early Tender Deadline [2][3][4]. Group 1: Tender Offer Details - The total principal amount of the 2027 Notes outstanding is $400 million, with a tender cap of $300 million [7]. - The total consideration for the 2027 Notes accepted for purchase is $1,029 per $1,000 principal amount, plus accrued and unpaid interest [4][9]. - The settlement date for the validly tendered 2027 Notes is expected to occur on June 21, 2024 [4]. Group 2: Tender Offer Timeline - The Extended Early Tender Deadline was June 18, 2024, and the withdrawal deadline was June 14, 2024 [10]. - The Tender Offer is scheduled to expire at 5:00 p.m. on July 5, 2024, unless extended or terminated earlier [10]. 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 customers [14]. - The company invests in aviation assets and aerospace products that generate strong cash flows and have potential for earnings growth and asset appreciation [14].