FTAI Aviation, a Cayman Islands exempted company, and a wholly owned subsidiary of the company entered into an amendment to the second amended and restated credit agreement dated as of Sept. 20, which provides for an increase in the form of additional revolving commitments by Citizens Bank, in an aggregate principal amount of $75 million, which increases the commitments under the credit agreement available to the company to $300 million. The proceeds of the revolving credit facility will be used for working capital and other general corporate purposes.
Citizens BankFTAI Aviation
Citizens Bank Increases Revolver with FTAI Aviation to $300MM
November 28, 2022 Industry News | News
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!