FTAI’s $100 Million High?Yield Senior Notes Offering


Cravath represented Fortress Transportation and Infrastructure Investors LLC (“FTAI”) in connection with its $100 million 144A/Reg. S high?yield senior notes offering.

Fortress Transportation and Infrastructure Investors LLC owns and acquires transportation and transportation-related infrastructure assets. The Company, led by Joseph P Adams Jr, Scott Christopher and Cameron D Macdougall, invests in aviation, energy, intermodal transport, and rail sectors. Fortress Transportation and Infrastructure Investors focuses on infrastructure and equipment leasing and in 2017 recorded $217 Million revenues.

The transaction closed on May 31, 2018.

The Cravath team included partner Johnny G. Skumpija (Picture) and associates William F. Roegge, Jeremy S. Lerner and Michael A. Naclerio on securities matters and associate Andrew L. Mandelbaum on tax matters.

Involved fees earner: Johnny Skumpija – Cravath Swaine & Moore; William Roegge – Cravath Swaine & Moore; Michael Naclerio – Cravath Swaine & Moore; Andrew Mandelbaum – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Fortress Transportation and Infrastructure Investors LLC;

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Author: Ambrogio Visconti