secwatch.observer — SEC 8-K summary
======================================

Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001140361-23-033081
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure closes $100M add-on of 10.5% senior secured notes due 2027
------------------------------------------------------------------------------

- Issued $100.0M additional 10.500% senior secured notes due 2027 at 95.50% of principal; total outstanding $600.0M.
- Proceeds to repay Transtar revolver and bridge loan; remainder for general corporate purposes.
- Notes are guaranteed by all subsidiaries except those comprising the Transtar business.
- Amended Series A Preferred Certificate of Designations to increase debt limit for the offering; holders consented.
- Notes mature June 1, 2027; interest payable semi-annually; callable with make-whole prior to June 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036123033081/0001140361-23-033081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036123033081/brhc20055424_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-033081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer