Business Context and Reporting Period
This Form 8-K was filed by Fortress Transportation and Infrastructure Investors LLC on May 29, 2018. The filing reports a current event regarding a new debt offering rather than a standard financial reporting period.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, or margin data. The primary financial metric disclosed is debt issuance:
- New Offering: $100 million aggregate principal amount of 6.75% senior notes due 2022.
- Existing Debt: $450 million of 6.75% senior notes due 2022 outstanding as of the filing date.
- Use of Proceeds: General corporate purposes, including funding future investments.
Material Changes
The material change reported is the commencement of a private offering for an additional $100 million in senior notes. This increases the total outstanding principal for the 2022 note series from $450 million to a potential $550 million upon completion.
Guidance, Outlook, and Risks
The filing contains forward-looking statements regarding the anticipated use of net proceeds. Management notes that actual results may differ materially due to risks and uncertainties, referencing the risk factors detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and subsequent Quarterly Reports. The offering is subject to limited conditions and is being conducted under Rule 144A and Regulation S.
Investor Verification Checklist
- Confirm the final closing date and total amount of the $100 million additional notes offering.
- Review the specific "Risk Factors" in the 2017 Form 10-K and subsequent 10-Q filings referenced in the cautionary language.
- Verify the final allocation of net proceeds once the offering is complete.
- Check for any subsequent filings regarding the registration status or sale of these securities.