FTAI’s High‑Yield Senior Notes Offering

Cravath represented Fortress Transportation and Infrastructure Investors LLC (“FTAI”) in connection with its $300 million 144A/Reg. S high‑yield senior notes offering. Proceeds of the offering will be used to repay the outstanding indebtedness under FTAI’s revolving credit facility, with the remainder to be used for general corporate purposes, including the funding of future investments. FTAI, which is externally managed by an affiliate of Fortress Investment Group LLC, owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. The transaction closed on September 18, 2018.

The Cravath team included associates William F. Roegge, Claudia J. Ricciardi and Michael A. Naclerio on securities matters and associate Andrew L. Mandelbaum on tax matters.