secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001140361-24-028358
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FIP's Jefferson Terminal prices upsized $382.3M bond offering; tender offer accepts $108M
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- $382.3M Series 2024 Bonds priced: $164.4M Series 2024A (5.0%-5.25%, due 2039-2054) and $217.9M Series 2024B (10.0%, due 2026).
- Tender offer expired with $234.2M tendered; $108.0M of Series 2020A/2021A bonds accepted at $725-$939/$1,000.
- Offering upsized from initial $275.9M; closing expected June 20, 2024, subject to conditions.
- Bonds are limited obligations of Port of Beaumont, not FIP debt; sold only to qualified institutional buyers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036124028358/0001140361-24-028358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036124028358/ef20030383_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-028358

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