Loan & DebtApr 29, 2026, 04:17 PM
FTAI Upsizes Revolving Credit Facility to $2.025B, Extends to 2031
AI Summary
FTAI Aviation Ltd. announced it has amended and extended its revolving credit facility, increasing total commitments from $400 million to $2.025 billion and extending the maturity to April 2031. The facility, which was oversubscribed, also includes improved pricing terms that reduce the company's cost of borrowing. This strategic move positions FTAI to pursue market opportunities, support growth, and deliver long-term shareholder value.
Key Highlights
- Revolving credit facility commitments increased from $400 million to $2.025 billion.
- Maturity of the facility extended to April 2031.
- Improved pricing terms will reduce FTAI's cost of borrowing.
- The facility was oversubscribed, indicating strong bank support.
- JPMorgan Chase Bank leads as Administrative Agent, with multiple other banks participating.