secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001140361-22-027683
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure completes spin-off from FTAI, lists on Nasdaq under FIP
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- Distribution of FIP shares to FTAI shareholders on 1-for-1 basis; trading begins on Nasdaq.
- Issued $500M 10.5% Senior Secured Notes due 2027 at 94.585% issue price.
- Issued 300k shares of 14% Series A Preferred and 6.685M warrants for $300M net.
- Proceeds from debt and equity used to pay $730.34M cash dividend to FTAI and Master GP.
- Entered management agreement with FIG LLC (Fortress affiliate) and other ancillary agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036122027683/0001140361-22-027683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036122027683/brhc10040169_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-027683

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