FTAI Infrastructure's Long Ridge subsidiary closes $1B refinancing with $400M term loans and $600M 8.75% notes

FTAI Infrastructure Inc.

$600M 8.75% senior secured notes due 2032; $400M term loans at SOFR+4.50% due Feb 2032.
Proceeds used to repay ~$599M existing loans, fund reserves, cash collateralize derivatives, and pay fees.
Long Ridge targets ~$223M annual revenue and ~$160M Adjusted EBITDA post-refinancing (forward-looking).
Refinancing includes quarterly amortization of 0.25% of term loan principal and 100% excess cash flow sweep from June 30, 2025.
Prior First Lien and Second Lien credit agreements terminated upon repayment.

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