secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001140361-22-026847
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure closes $50M add-on to 10.5% senior secured notes due 2027
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- Issued $50M additional 10.5% senior secured notes at 94.585% of par, total outstanding now $500M.
- Notes mature June 1, 2027; interest payable semi-annually starting Dec 1, 2022.
- Issuance in connection with planned spin-off of infrastructure business from FTAI; proceeds to repay parent debt.
- If spin-off not consummated by Sep 10, 2022, notes subject to special mandatory redemption at 100% of issue price plus accrued interest.
- Post-spin-off, notes secured by substantially all assets of FTAI Infrastructure and guaranteed by its subsidiaries (excluding Transtar).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036122026847/0001140361-22-026847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036122026847/brhc10039933_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-026847

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