Fortress Transportation and Infrastructure Investors’ $100 Million Preferred Shares Offering

Cravath represented Fortress Transportation and Infrastructure Investors in the offering.

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

Morgan Stanley, Citigroup, J.P. Morgan, Stifel and UBS Investment Bank acted as joint book-running managers for the proposed 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.

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

Involved fees earner: Stephen Burns – Cravath Swaine & Moore; Ahra Cho – Cravath Swaine & Moore; Matthew Jones – Cravath Swaine & Moore; Joseph Marshall – Cravath Swaine & Moore; Janice T. P. Martindale – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Fortress Transportation and Infrastructure Investors LLC;

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Martina Bellini

Author: Martina Bellini