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Strong Buy (3.73 out of 4)
71st percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 26, 11:38 AM
Slide #148. Fortress Transportation and Infrastructure Investors LLC — Preferred Stock Offering
Company: |
Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) |
Date announced: |
11/22/2019 |
Shares Offered: |
4,000,000 |
Date of Pricing: |
11/22/2019 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the "Company") announced today that it has priced its previously announced registered underwritten public offering of 4,000,000 Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, liquidation preference of $25.00 per share, representing limited liability company interests (the "Preferred Shares"), at a public offering price of $25.00 per share for gross proceeds of approximately $100 million. The Company intends to apply to list the Preferred Shares on the New York Stock Exchange under the symbol "FTAI PR B." The offering is expected to close on November 27, 2019, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 600,000 additional Preferred Shares to cover over-allotments, if any. |
Fortress Transportation and Infrastructure Investors is a holding company. Through its subsidiary, Fortress Worldwide Transportation and Infrastructure General Partnership, is engaged in the acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. Co.'s operations consist of two primary business units: Infrastructure and Equipment Leasing. Co.'s Infrastructure Business acquires long-lived assets that provide services or functions to transportation networks. Co.'s Equipment Leasing Business acquires assets that are designed to carry cargo or people or provide functionality to transportation infrastructure. Preferreds: FTAIP, FTAIO, FTAIN, FTAIM
Open the FTAI Page at Preferred Stock Channel »
Name: |
FTAI Aviation Ltd |
Website: |
www.ftaiaviation.com |
Sector: |
Air Services Other |
Number of ETFs Holding FTAI: |
32 (see which ones) |
Total Market Value Held by ETFs: |
$875,709,923.54 |
Total Market Capitalization: |
$7,363,000,000 |
% of Market Cap. Held by ETFs: |
11.89% |
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Open the FTAI Page at Preferred Stock Channel (in a new window) »
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