FTAI Infrastructure prices $100M add-on of 10.500% senior secured notes due 2027

FTAI Infrastructure Inc.

Offering of $100M aggregate principal at 95.50% of par, plus accrued interest from June 1, 2023.
Additional Notes rank equally with existing $500M 10.500% notes due 2027 under same indenture.
Proceeds to repay Transtar revolver and bridge loan; remaining for general corporate purposes.
Closing expected July 5, 2023, subject to customary conditions; guaranteed by certain subsidiaries.
Offered to QIBs under Rule 144A and offshore under Regulation S; not registered under Securities Act.

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