Long Ridge Energy (FIP subsidiary) prices $600M 8.75% notes; term loan downsized

FTAI Infrastructure Inc.

Long Ridge Energy LLC priced $600M of 8.750% senior secured notes due 2032, upsized from $500M.
The new notes will be issued at 100% of par; interest payable semi-annually starting Aug 15, 2025.
New term loan downsized from $500M to $400M; proceeds with notes will repay ~$599M existing loans.
Closing expected Feb 19, 2025; proceeds also fund reserve accounts and derivative-related costs.

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