FTAI’s Registered Offering of Series C Fixed‑Rate Reset Preferred Shares

Cravath represented Fortress Transportation and Infrastructure Investors LLC (“FTAI”) in connection with its $100 million registered offering of series C fixed‑rate reset preferred shares. 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. The transaction closed on March 25, 2021.

The Cravath team included partners Matthew G. Jones and Stephen L. Burns and associates Janice T. P. Martindale and Joseph A. Marshall. Ahra Cho also worked on this matter.