FTAI prices share offering announced on March 8

FTAI Aviation has priced its previously announced registered underwritten public offering of 2.6 million fixed-rate reset series D cumulative perpetual redeemable preferred shares. Jet engine business FTAI announced a liquidation preference iof $25 per share at a public offering price of $25 per share, for gross proceeds of approximately $65 million. It said it intends to apply to list the preferred shares on the Nasdaq Global Select Market under the symbol “FTAIM”, with the offering expected to close on March 15 2023, with the underwriters given  a 30-day option to purchase up to 390,000 additional preferred shares to cover any