Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (the "Company") announced today its intention to offer 12,000,000 of its common shares, representing limited liability company interests (the "Common Shares"), in a registered underwritten public offering. In connection with the offering, the underwriters have been granted a 30-day option to purchase up to 1,800,000 additional Common Shares.

The Company intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under the senior unsecured bridge term loans that were obtained to finance and pay certain fees and expenses related to the Company’s purchase on July 28, 2021 of 100% of the equity interests in Transtar, LLC, which was a wholly-owned short-line railroad subsidiary of United States Steel Corporation.

Barclays, Morgan Stanley and Citigroup are acting as joint book-running managers for the proposed offering.