FTAI Aviation Ltd. Prices Its Public Offering of Preferred Shares
Summary
The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM". In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 390,000 additional Preferred Shares to cover over-allotments, if any.The Company intends to use the net proceeds from the sale of shares in this offering for general corporate purposes.Morgan Stanley, Citigroup, J.P. Morgan, Stifel, RBC Capital Markets and UBS Investment Bank are acting as joint book-running managers for the proposed offering.The offering is being made pursuant to the Companys effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (" ") on February 27, 2023. Alternatively, copies of the prospectus and prospectus supplement may be obtained from Morgan Stanley & Co. LLC, 1585 Broadway New York, NY 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department, telephone (866) 718-1649, email: prospectus@morganstanley.com, Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146, email: prospectus@citi.com, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10019, Attention: Investment Grade Syndicate Desk, telephone (212) 834-4533, Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, Maryland 21202; Attention: Syndicate Department, telephone: (855) 300-7136, email: syndprospectus@stifel.com, RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Transaction Management/Scott Primrose, telephone: (212) 618 7706, email: TMGUS@rbccm.com or UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, telephone: (888)-827-7275.This press release 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.FTAI Aviation Ltd. owns and maintains commercial jet engines with a focus on CFM56 engines. 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.This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to the Companys anticipated use of the net proceeds from the offering.