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Fortress Transportation prices debt offering

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Fortress Transportation prices debt offering

Fortress Transportation and Infrastructure Investors LLC priced an offering of $150.0 million aggregate principal amount of additional 6.50% senior notes due 2025 in a private offering.

The notes will be issued at a price equal to 99.125% of principal, plus accrued interest from and including April 1. There were $300 million aggregate principal amount of 6.50% senior notes due 2025 outstanding as of May 17.

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