NEW YORK, June 15, 2015 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the "Company") today announced that, in connection with its recently completed initial public offering, the underwriters have purchased 2,215,310 common shares of the Company at a price of $17.00 per share by exercising their option to purchase additional common shares (the "Overallotment Option"). FTAI received additional net proceeds of approximately $35.3 million from the exercise of the Overallotment Option, which closed earlier today.
The offering was made only by means of the written prospectus. Copies of the prospectus relating to the offering may be obtained from:
| Citigroup Global Markets Inc. |
| C/o Broadridge Financial Solutions |
| 1155 Long Island Avenue |
| Edgewood, NY 11717 |
| Telephone: (800) 831-9146 |
| BofA Merrill Lynch |
| 222 Broadway |
| New York, NY 10038 |
| Attn: Prospectus Department |
| Email: dg.prospectus_requests@baml.com |
| Barclays Capital Inc. |
| C/o Broadridge Financial Solutions |
| 1155 Long Island Avenue |
| Edgewood, NY 11717 |
| Email: barclaysprospectus@broadridge.com |
| Telephone: (888) 603-5847 |
| Deutsche Bank Securities Inc. |
| 60 Wall Street |
| New York, NY 10005 |
| Attn: Prospectus Group |
| Email: prospectus.cpdg@db.com |
| Telephone: (800) 503-4611 |
| UBS Securities LLC |
| 299 Park Avenue |
| New York, NY 10171 |
| Attn: Prospectus Department |
| Telephone: (888) 827-7275 |
A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission ("SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Fortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by FIG LLC, an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
Cautionary Note Regarding Forward-Looking Statements
The foregoing information contains certain forward-looking statements. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the Company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company's financial results may be found in the Company's filings with the Securities and Exchange Commission.