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Fortress Transportation and Infrastructure Investors closes debt offering

Fortress Transportation and Infrastructure Investors closed a private offering of $100 million of additional 6.75% senior notes due 2022.

The company intends to use the net proceeds from the offering for general corporate purposes, including the funding of future investments.

The original 6.75% senior notes due 2022 were issued in an aggregate principal amount of $250 million on March 15, 2017. An additional $100 million of the notes were issued on Aug. 23, 2017, and further $100 million were issued on Dec. 20, 2017.

There were $550 million of notes outstanding as of May 31.