Loan & DebtApr 30, 2026, 06:17 AM
FTAI Secures $2.025B Revolving Credit Facility
AI Summary
FTAI Aviation Investors LLC, a subsidiary of FTAI Aviation Ltd., entered into a Fourth Amended and Restated Credit Agreement, establishing a new revolving credit facility of up to $2,025,000,000. This facility, maturing on April 24, 2031, will be used for working capital, general corporate purposes, and permitted acquisitions. The agreement includes customary covenants and is guaranteed by FTAI Aviation Ltd. and its material wholly-owned subsidiaries.
Key Highlights
- FTAI Aviation Investors LLC entered into a Fourth Amended and Restated Credit Agreement.
- Secured a Revolving Credit Facility of up to $2,025,000,000.
- Up to $50,000,000 of the facility may be used for letters of credit.
- The facility matures on April 24, 2031.
- Interest rates vary from Term SOFR + 1.25%-2.00% or Base Rate + 0.25%-1.00%.
- Quarterly commitment fee ranges from 0.15% to 0.30% on the unused portion.
- Financial covenants include a minimum Interest Coverage Ratio of 3.00 to 1.00.
- Maximum Debt to EBITDA Ratio is 4.00 to 1.00, with a temporary increase to 4.50 to 1.00 for acquisitions over $400,000,000.
Price Impact
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