Fortress Transportation to repay credit agreement debt via new notes

By Tali Rackner

Norfolk, Va., March 13 – Fortress Transportation and Infrastructure Investors LLC plans to repay the $100 million of debt outstanding under its credit agreement using the net proceeds from a new $250 million senior note offering, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used to pay related fees and expenses and for general corporate purposes, including the funding of future investments.

Based in New York, Fortress owns and acquires transportation equipment and infrastructure.

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