FTAI Aviation Upsizes Revolving Credit Facility to Over $2 Billion

Summary

FTAI Aviation Ltd. has amended and restated its existing revolving credit facility, increasing the total commitments from $400 million to $2.025 billion and extending the maturity to April 2031. The facility, led by JPMorgan Chase Bank as Administrative Agent, was oversubscribed and is a record size for FTAI, positioning the company to pursue growth opportunities. The increased size and improved pricing terms will support the company's growth objectives and allow it to be nimble when attractive opportunities arise. The facility is guaranteed by FTAI Aviation Ltd. and its material wholly-owned subsidiaries and is secured by a first-priority lien on substantially all of the assets of the borrower and the guarantors.