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FTAI Secures $2.5 Bln Asset-Level Debt Financing Commitment For Strategic Capital Initiative

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

FTAI Aviation Ltd. (FTAI), Wednesday announced that the company has received a commitment for $2.5 billion of asset-level debt financing for its Strategic Capital Initiative or SCI, led by investment firm ATLAS SP Partners, the structured products business majority owned by Apollo funds, and Deutsche Bank AG, New York Branch.

Through this commitment, FTAI aims to provide the SCI the ability to deploy more than $4.0 billion of total capital into on-lease 737NG and A320ceo aircraft while maintaining an asset-light business model.

The company added that all engines owned by the SCI will be powered exclusively via engine and module exchanges with its Maintenance, Repair and Exchange business.

In the pre-market hours, FTAI's stock is climbing 3.80 percent,to $138 on the Nasdaq.

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