Fortress Transportation and Infrastructure Investors LLC IPO Info
Company Name: Fortress Transportation and Infrastructure Investors LLC
Stock Symbol: FTAI
Exchange: NYSE
Status: Priced
IPO Date: 5/15/2015
IPO Price:
17.00 (
-33.76%)
Underwriters
Citigroup, BofA Merrill Lynch, Barclays, Deutsche Bank, UBS
Amount of Offering: N/A
Number of Shares Offered: 20 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
We own and acquire high quality infrastructure and equipment that is essential for the transportation of goods and people globally. We currently invest across four market sectors: aviation, energy, intermodal transport and rail. We target assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. Our existing mix of assets provides significant cash flows as well as organic growth potential through identified projects. In addition, we believe that there are a large number of acquisition opportunities in our target sectors and that our Manager's expertise and business and financing relationships, together with our access to capital, will allow us to take advantage of these opportunities. We are externally managed by FIG LLC, an affiliate of Fortress, which has a dedicated team of professionals who collectively have acquired over $17 billion in transportation-related assets since 2002. As of December 31, 2014, we had total consolidated assets of $1,404.2 million and total equity capital of $713.5 million. We intend to pay regular quarterly dividends from funds available for distribution.
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