Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Files An 8-K Other EventsItem 8.01
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Files An 8-K Other Events
Other Events.
On March 3, 2017, Fortress Transportation and Infrastructure Investors LLC (the “Company”) announced that it is commencing an offering of $250 million aggregate principal amount of senior unsecured notes due 2022 (the “Notes”) in a private offering, subject to market and other conditions.
The Company intends to use the net proceeds from the offering to fully repay all outstanding indebtedness under the Company’s credit agreement in the amount of $100.0 million and to pay related fees and expenses and for general corporate purposes, including the funding of future investments.
The Notes will be offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The information in this Form 8-K furnished to Item 8.01 does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The information in this Form 8-K furnished to Item 8.01 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Language Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to the Company’s anticipated use of the net proceeds from the offering. Forward-looking statements are not statements of historical fact but instead are based on our present beliefs and assumptions and on information currently available to the Company. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” “projects,” “contemplates” or the negative version of those words or other comparable words. Any forward-looking statements contained in this communication are based upon our historical performance and on our current plans, estimates and expectations in light of information currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by us, that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements.
About Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI)
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company’s segments include Aviation Leasing, which consists of aircraft and aircraft engines held for lease and are typically held long-term; Offshore Energy, which consists of vessels and equipment that support offshore oil and gas activities and are typically subject to long-term operating leases; Shipping Containers, which consists of investments in shipping containers subject to operating leases and finance leases, and an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers on both an operating lease and finance lease basis; Jefferson Terminal, which consists of a multi-modal crude and refined products terminal, and other related assets, and Railroad, which consists of Central Maine and Quebec Railway (CMQR) short line railroad operations. Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Recent Trading Information
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) closed its last trading session up +0.10 at 15.45 with 147,740 shares trading hands.
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company’s segments include Aviation Leasing, which consists of aircraft and aircraft engines held for lease and are typically held long-term; Offshore Energy, which consists of vessels and equipment that support offshore oil and gas activities and are typically subject to long-term operating leases; Shipping Containers, which consists of investments in shipping containers subject to operating leases and finance leases, and an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers on both an operating lease and finance lease basis; Jefferson Terminal, which consists of a multi-modal crude and refined products terminal, and other related assets, and Railroad, which consists of Central Maine and Quebec Railway (CMQR) short line railroad operations. Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Recent Trading Information
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) closed its last trading session up +0.10 at 15.45 with 147,740 shares trading hands.