Fortress Transportation and Infrastructure Investors’ $400 Million Notes Offering

Cahill represented the initial purchasers in connection with the offering, while Cravath represented Fortress Transportation and Infrastructure Investors.

Fortress Transportation and Infrastructure Investors LLC executed its offering of $400,000,000 in aggregate principal amount of 9.750% high-yield senior notes due 2027.

The initial Purchasers included Morgan Stanley & Co. LLC, B. Riley FBR, Inc., BTIG, LLC, JMP Securities LLC, Raymond James & Associates, Inc., Stephens Inc., Stifel, Nicolaus & Company, Incorporated, The Benchmark Company, LLC and WR Securities, LLC.

Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.

Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally.

Cahill represented the initial purchasers with Helene R. Banks (Picture), Noah B. Newitz, Elizabeth Yahl, Nazariy Gavrysh, and Demetrios Giakoumis.

Cravath represented Fortress Transportation and Infrastructure Investors with partner Johnny G. Skumpija and associates Ryan J. Patrone, Tianyang (Daniel) Lin and Jessica M. Goodman on capital markets matters, and partner Christopher K. Fargo, senior attorney Andrew Carlon and associate Kyle R. Jorstad on tax matters.

Involved fees earner: Helene Banks – Cahill Gordon & Reindel; Nazariy Gavrysh – Cahill Gordon & Reindel; Demetrios Giakoumis – Cahill Gordon & Reindel; Noah Newitz – Cahill Gordon & Reindel; Elizabeth Yahl – Cahill Gordon & Reindel; Andrew Carlon – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Jessica Goodman – Cravath Swaine & Moore; Kyle Jorstad – Cravath Swaine & Moore; Daniel Lin – Cravath Swaine & Moore; Ryan Patrone – Cravath Swaine & Moore; Johnny Skumpija – Cravath Swaine & Moore;

Law Firms: Cahill Gordon & Reindel; Cravath Swaine & Moore;

Clients: B. Riley FBR; BTIG, LLC; Fortress Transportation and Infrastructure Investors LLC; JMP Securities LLC; Morgan Stanley; Raymond James & Associates, Inc.; Stephens Inc.; Stifel, Nicolaus & Company, Incorporated; The Benchmark Company; WR Securities LLC ;

Author: Ambrogio Visconti