secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001140361-24-030752
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036124030752/0001140361-24-030752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036124030752/ef20031415_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-030752

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