FTAI Aviation Announces Increase to Previously Announced Cash Tender Offer for its 9.750% Senior Notes Due 2027

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].