2023-03-08 17:49:46 ET
- FTAI Aviation ( NASDAQ: FTAI ) on Wednesday priced its registered underwritten public offering of 2.6M fixed-rate reset series D cumulative perpetual redeemable preferred shares at an offering price of $25/share for gross proceeds of ~$65M.
- Underwriters have been granted a 30-day option to buy up to 390K additional preferred shares to cover over-allotments.
- The offering is expected to close on March 15.
- Earlier in the day, FTAI ( FTAI ) announced the preferred stock offering .
For further details see:
FTAI Aviation prices $65M registered preferred stock offering