Fortress Transportation (FTAI) Announces 12M Share Proposed Public Offering of Common Shares
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Fortress Transportation and Infrastructure Investors LLC Announces Proposed Public Offering of Common Shares
September 8, 2021 4:10 PM EDTNEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (the "Company") announced today its intention to offer 12,000,000 of its common shares, representing limited liability company interests (the "Common Shares"), in a registered underwritten public offering. In connection with the offering, the underwriters have been granted a 30-day option to purchase up to 1,800,000 additional Common Shares.
The Company intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under the senior unsecured bridge term... More
