secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001140361-25-003575
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125003575/0001140361-25-003575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125003575/ef20043056_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-003575

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