Fortress Transportation and Infrastructure Investors LLC announced the signing of an Amendment to an Existing Credit Agreement with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., and Barclays Bank PLC as lenders and issuing banks, and JPMorgan Chase Bank, N.A. as administrative agent.
The Amendment increases the aggregate revolving commitments under the Existing Credit Agreement from $125 million to $250 million, and extends the maturity date of the revolving loans and commitments to January 31, 2022. The loans under the Amended Credit Agreement also makes certain modifications to the financial covenants under the Existing Credit Agreement.