ITE Management Closes AITX Group’s $510 Million Private Offering of Investment-Grade Unsecured Notes
New York, NY – April 21, 2026 – ITE Management L.P. (“ITE”), a leading alternative asset manager focused on industrial transportation assets, today announced that affiliates of AITX Holdco LLC (“AITX Group”), a wholly owned subsidiary of ITE Rail Fund L.P., have closed a $510 million private offering of investment-grade senior unsecured notes (collectively, the “Notes”).
The offering was more than five times oversubscribed, with over half of bids coming from new investors, and over 90% of existing investors in the program submitting bids. AITX Group also tightened credit spreads by 20 basis points compared to the same tenors in its prior issuance, reflecting strong investor demand and confidence in the platform’s performance. The investment-grade rating reflects the high credit quality and stability of AITX Group’s cash flows and the strength of its global integrated leading and repair operations.
The Notes were issued in two tranches, maturing in March 2031 and March 2033. Proceeds will be used to repay existing indebtedness under AITX Group’s credit facilities.
This marks AITX Group’s second unsecured private placement following its debut issuance in October 2025. The unsecured program is a core component of the company’s financing strategy, expanding access to high-quality capital and increasing flexibility to support long-term growth.
