Daily News: February 12, 2019

JPMorgan Chase Agents $125MM Upsize to Fortress Revolvers


Fortress Transportation and Infrastructure Investors amended its existing credit agreement with JPMorgan Chase Bank as administrative agent, increasing the aggregate revolving commitments under the facility from $125 million to $250 million.

Morgan Stanley Senior Funding and Barclays Bank joined JPMorgan Chase as lenders and issuing banks on the credit agreement.

The amendment also extended the maturity date of the revolving loans and commitments to January 31, 2022 and modified the financial covenants.

Fortress Transportation and Infrastructure Investors owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. It is externally managed by an affiliate of Fortress Investment Group, a global investment firm.