FTAI Aviation Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.50% Senior Notes Due 2025

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) is announcing today the expiration and results of Fortress Transportation and Infrastructure Investors LLC’s (“FTAI LLC”), a wholly owned subsidiary of the Company, offer to purchase for cash (the “Tender Offer”) any and all of the $650.0 million outstanding principal amount of its 6.50% Senior Notes due 2025 (the “2025 Senior Notes”) on the terms and conditions described in FTAI LLC’s Offer to Purchase, dated April 2, 2024 (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

The Tender Offer expired at 5:00 p.m., New York City time, on April 8, 2024 (such date and time, the "Expiration Date"). For holders who delivered a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase and Notice of Guaranteed Delivery, the deadline to validly tender 2025 Senior Notes using the guaranteed delivery procedures set forth in the Offer to Purchase (the "Guaranteed Delivery Procedures") was 5:00 p.m., New York City time, on April 10, 2024. The Settlement Date for the Offer is April 11, 2024 (the "Settlement Date").

According to the information received from D.F. King & Co., Inc., the Tender Agent and Information Agent for the Tender Offer, as of the Expiration Date, $324,630,000.00 aggregate principal amount of the 2025 Senior Notes were validly tendered and not validly withdrawn (including 2025 Senior Notes tendered pursuant to the Guaranteed Delivery Procedures). The table below provides certain information about the tender offer, including the aggregate principal amount of the 2025 Senior Notes validly tendered and not validly withdrawn.

Series of Notes	CUSIP Number	Aggregate Principal Amount Outstanding	Aggregate Principal Amount Tendered and Accepted for Purchase	Tender Consideration(1)
6.50% Senior Notes due 2025	34960P AB7 (144A) U3458L AD3 (Reg S)	$650,000,000	$324,630,000.00	$1,000

(1) Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by us. Does not include accrued but unpaid interest, which will also be payable as provided in the Offer to Purchase.