Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Files An 8-K Other Events

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Files An 8-K Other Events

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Item 8.01. Other Events.

On February 24, 2017, Fortress Transportation and Infrastructure
Investors LLC (the Company) filed with the Securities and
Exchange Commission (the Commission) a prospectus supplement (the
Option Plan Prospectus Supplement) to the prospectus dated
February 24, 2017, included in the Companys automatic shelf
registration statement on Form S-3ASR (No. 333-216247) (the Shelf
Registration Statement). The Option Plan Prospectus Supplement
was filed for the purpose of registering the issuance of
securities to the Fortress Transportation and Infrastructure
Investors LLC Nonqualified Stock Option and Incentive Award Plan
(the Option Plan) or in connection with resales from time to time
by certain individuals who are eligible to receive such
securities (collectively, the Selling Shareholders).
Specifically, the Option Plan Prospectus Supplement registers
29,940,509 of the Companys common shares, par value $0.01 per
share (Common Shares) available as of the date hereof for
issuance under the Option Plan. The Company will receive the
exercise or purchase price of certain shares-based awards under
the Plan if and when such awards are exercised or purchased for
cash. The Company will not receive any proceeds if the
shares-based awards are exercised on a cashless basis.
In addition, the Option Plan Prospectus Supplement registers
59,491 shares of Common Stock that may be offered for resale from
time to time by the Selling Shareholders to whom the shares have
been or may be issued under the Option Plan (including, without
limitation, in connection with the exercise of options). The
Company will not receive any proceeds from the sale of its Common
Stock by such Selling Shareholders.
In connection with the filing of the Option Plan Prospectus
Supplement, the Company is filing an opinion of its counsel,
Skadden, Arps, Slate, Meagher Flom LLP, regarding the legality of
the securities being registered to the Option Plan Prospectus
Supplement, which opinion is attached as Exhibit 5.1 to this
Current Report on Form 8-K.
On February 24, 2017, the Company also filed with the Commission
a prospectus supplement (the DRIP Prospectus Supplement) to the
Shelf Registration Statement, registering 8,000,000 Common Shares
to be offered to the Fortress Transportation and Infrastructure
Investors LLC Dividend Reinvestment Plan (the DRIP).
In connection with the filing of the DRIP Prospectus Supplement,
the Company is filing an opinion of its counsel, Skadden, Arps,
Slate, Meagher Flom LLP, regarding the legality of the securities
being registered to the DRIP Prospectus Supplement, which opinion
is attached as Exhibit 5.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
5.1
Opinion of Skadden, Arps, Slate, Meagher Flom LLP
5.2
Opinion of Skadden, Arps, Slate, Meagher Flom LLP
23.1
Consent of Skadden, Arps, Slate, Meagher Flom LLP (included
in Exhibit 5.1)
23.2
Consent of Skadden, Arps, Slate, Meagher Flom LLP (included
in Exhibit 5.2)


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 +0.03 at 15.59 with 376,907 shares trading hands.

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