FTAI’s High‑Yield Senior Tack‑On Notes Offering and Concurrent Tender Offer

Cravath represented Fortress Transportation and Infrastructure Investors LLC (“FTAI”) in connection with its $400 million 144A/Reg. S high‑yield senior tack‑on notes offering. FTAI, which is externally managed by an affiliate of Fortress Investment Group LLC, develops and acquires high‑quality infrastructure and equipment that is essential for the transportation of goods and people globally. Cravath also represented FTAI in connection with its concurrent $300 million cash tender offer for outstanding high‑yield senior notes. The transactions closed on December 23, 2020.

The Cravath team included associates Matthew G. Jones, Matthew L. Ploszek, Jessica M. Goodman, Joseph A. Marshall and Shannon R. Westerlind on capital markets matters, and partner Christopher K. Fargo and senior attorney Andrew Carlon on tax matters. Sonia Katharani‑Khan also worked on tax matters.