FTAI Aviation Announces Pricing of Secondary Offering of Ordinary Shares
29 Maggio 2024 - 3:20AM
FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”)
announced today the pricing of an underwritten public offering of
2,090,561 ordinary shares being offered by FIG LLC and an employee
of FIG LLC (the “Selling Shareholders”) for gross proceeds of
approximately $171,426,002. The underwriter may offer the shares
from time to time for sale in one or more transactions on the
Nasdaq Global Select Market, in the over-the-counter market,
through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices relating to prevailing
market prices or at negotiated prices. The offering is expected to
close on May 30, 2024 subject to customary closing conditions. The
Company will not receive any proceeds from the sale of the shares
by the Selling Shareholders.
Citigroup is acting as sole underwriter for the
offering.
The offering is being made pursuant to the
Company’s effective shelf registration statement filed with the
Securities and Exchange Commission (the “SEC”). The offering is
being made only by means of a prospectus and a related prospectus
supplement. Prospective investors should read the prospectus
supplement and the prospectus in that registration statement and
other documents the Company has filed or will file with the SEC for
more complete information about the Company and the offering. You
may obtain these documents for free by visiting EDGAR on the SEC’s
website at www.sec.gov. Alternatively, copies of the prospectus
supplement and the prospectus may be obtained from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717 (Tel: 800-831-9146).
This press release does not constitute an offer to
sell or the solicitation of an offer to buy shares of common stock,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such jurisdiction.
ABOUT FTAI AVIATION
FTAI owns and maintains commercial jet engines with
a focus on CFM56 and V2500 engines. FTAI’s propriety portfolio of
products, including The Module Factory and a joint venture to
manufacture engine PMA, enables it to provide cost savings and
flexibility to our airline, lessor, and maintenance, repair, and
operations 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.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including, but
not limited to, statements relating to the offering and the Selling
Shareholders’ intent to consummate the offering. These statements
are based on management’s current expectations and beliefs and are
subject to a number of trends and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements, many of which are beyond the Company’s
control. The Company can give no assurance that its expectations
will be attained and such differences may be material. Accordingly,
you should not place undue reliance on any forward-looking
statements contained in this press release. For a discussion of
some of the risks and important factors that could affect such
forward-looking statements, see the sections entitled “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in the Company’s most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,
which are available on the Company’s website
(www.ftaiaviation.com). In addition, new risks and uncertainties
emerge from time to time, and it is not possible for the Company to
predict or assess the impact of every factor that may cause its
actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with regard
thereto or change in events, conditions, or circumstances on which
any statement is based.
Source: FTAI Aviation Ltd. Alan AndreiniInvestor
RelationsFTAI Aviation Ltd.(646)
734-9414aandreini@fortress.com
Grafico Azioni FTAI Aviation (NASDAQ:FTAI)
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Grafico Azioni FTAI Aviation (NASDAQ:FTAI)
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Da Gen 2024 a Gen 2025