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

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].