secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001140361-23-032085
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure to offer $100M in additional 10.5% senior secured notes due 2027
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- Proceeds from Additional Notes will repay $25M Bridge Loan (maturing Dec 31, 2023) and Transtar revolver.
- Series A Preferred holders approved amendment to allow note offering; may buy up to $33.4M of Additional Notes.
- Q1 2023 segment Adjusted EBITDA: Railroad $17.2M, Jefferson $6.5M, Repauno -$4.9M, Power & Gas $11.3M.
- Aspirational illustrative potential: consolidated annual Adjusted EBITDA >$200M based on ramp-up assumptions.
- Bridge Loan bears interest at Base +6.50% or SOFR +7.50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036123032085/0001140361-23-032085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036123032085/brhc20055204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-032085

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