Cahill Represents Underwriters in Offering of Preferred Shares for Fortress Transportation and Infrastructure Investors LLC
Date: 11/27/19
Cahill represented the underwriters in a registered public offering of 4,600,000 8.00% Series B Fixed-to-Floating Rate Cumulative Perpetual Redeemable Preferred Shares by Fortress Transportation and Infrastructure Investors LLC, an owner and acquirer of high quality infrastructure and equipment that is essential for the transportation of goods and people globally, for gross proceeds of $115.0 million (or a price of $25.00 per share). Proceeds from the offering are expected to be used for general corporate purposes, including the funding of future acquisitions and investments.