FTAI Infrastructure subsidiary closes $382.3M bond issuance; tenders $108M of existing bonds

FTAI Infrastructure Inc.

Issued $164.4M Series 2024A bonds (5.000%-5.250%) and $217.9M Taxable 2024B bonds (10.000%, due July 2026).
Settled tender offer: purchased $108.0M principal of existing bonds for $88.8M in cash.
Defeased $79.1M Taxable Series 2020B bonds in full with proceeds of Taxable 2024B bonds.
Proceeds used to refund existing debt, fund land purchase, pipeline reversal, and reserves.

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