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.
