FTAI Aviation Ltd. Increases Revolver to $300 million from $225 million
23 Novembro 2022 - 8:30AM
FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted
company (“FTAI” or the “Company”), announced today that a wholly
owned subsidiary of the Company entered into an amendment to the
Second Amended & Restated Credit Agreement dated as of
September 20, 2022, which provides for an increase in the form of
additional revolving commitments by Citizens Bank, National
Association, in an aggregate principal amount of $75,000,000, which
increases the commitments under the credit agreement available to
the Company to $300,000,000. The proceeds of the revolving credit
facility will be used for working capital and other general
corporate purposes.
About FTAI Aviation Ltd.
FTAI owns and maintains commercial jet engines with a focus on
CFM56 engines. FTAI’s propriety portfolio of products,
including The Module Factory and a JV to manufacture
engine PMA, enables it to provide cost savings and flexibility to
our airline, lessor, and MRO customer base. Additionally, FTAI owns
and leases jet aircraft which often facilitates the acquisition of
engines at attractive prices. FTAI invests in aviation assets and
aerospace products that generate strong and stable cash flows with
the potential for earnings growth and asset appreciation.
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 Revolving Credit Facility.
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 and FTAI Aviation.
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, including, but not
limited to, the risk factors set forth in Item 1A. “Risk Factors”
of the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2021, the Company’s Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2022, June 30, 2022 and
September 30, 2022, and FTAI Aviation’s Quarterly Report on Form
10-Q for the fiscal quarter ended September 30, 2022, as updated by
annual, quarterly and other reports FTAI Aviation files with the
SEC.
For further information, please contact:
Alan AndreiniInvestor RelationsFTAI Aviation Ltd.(646)
734-9414aandreini@fortress.com
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