Fortress Transportation and Infrastructure Investors LLC intends to offer fixed-to-floating rate series A cumulative perpetual redeemable preferred shares in a registered underwritten public offering.
The company intends to use the net proceeds for general corporate purposes, including the funding of future acquisitions and investments.
The company expects to grant the underwriters an option to purchase up to an additional 15% of the notes to cover overallotments.
Morgan Stanley, J.P. Morgan, UBS Investment Bank and Stifel are the joint book-running managers.
