Fortress Transportation to pay down revolver borrowings with notes

By Sara Rosenberg

New York, July 23 – Fortress Transportation and Infrastructure Investors LLC plans to repay $220 million of outstanding borrowings under its revolving credit facility using proceeds from a $400 million senior unsecured notes offering, according to a market source.

The notes were upsized from $300 million.

Remaining proceeds from the notes will be used for general corporate purposes, which may include the repurchase or redemption of outstanding 2022 notes and the funding of future acquisitions and investments, including aviation investments.

Fortress is a New York-based owner of infrastructure and equipment that is essential for the transportation of goods and people.

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