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Fortress Transportation and Infrastructure Investors starts debt offering

Fortress Transportation and Infrastructure Investors launched an offering of $100 million of additional 6.75% senior notes due 2022 in a private placement, subject to certain conditions.

There were $450 million 6.75% senior notes due 2022 outstanding as of May 29.

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