On April 2, 2024, FTAI Aviation Ltd. announced that Fortress Transportation and Infrastructure Investors LLC, its subsidiary (the ?Issuer?), priced its previously announced private offering (the ?Private Offering?) of $700.0 million aggregate principal amount of 7.000% senior notes due 2031 (the ?2031 Notes?). The 2031 Notes will bear interest at 7.000% per annum and will be issued at an issue price equal to 100% of principal, plus accrued interest, if any, from April 11, 2024. The 2031 Notes will be fully and unconditionally guaranteed on a senior unsecured basis by FTAI Aviation.

The aggregate principal amount represents an increase in the size of the offering of $50.0 million from the previously announced offering of $650.0 million. As a result of the increase, the Issuer intends to use the net proceeds from the Private Offering (i) to fund the cash tender offer for any and all of the $650.0 million aggregate principal amount outstanding of its existing 6.50% Senior Notes due 2025 (the ?2025 Notes?), (ii) to fund the redemption, if any, of all of its outstanding 2025 Notes that remain outstanding following the consummation of the tender offer, (iii) to pay fees and expenses related to the foregoing and (iv) for general corporate purposes. The 2031 Notes were offered in the United States to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the ?Securities Act?), and to persons outside of the United States under Regulation S under the Securities Act.

The Notes will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.