debt
confidence high
sentiment neutral
materiality 0.55
FTAI Infrastructure prices $50M add-on of 10.5% senior secured notes due 2027 at 94.585%
FTAI Infrastructure Inc.
- Priced $50M aggregate principal amount of 10.500% senior secured notes due 2027 at 94.585% of par plus accrued interest.
- Existing $450M principal of the same notes outstanding; total will be $500M.
- Notes issued in connection with spin-off from FTAI; net proceeds to be distributed to FTAI to repay debt.
- Additional notes have identical terms as existing notes and will be treated as a single class.