other material
confidence high
sentiment neutral
materiality 0.55
FTAI Infrastructure unit Repauno plans $400M financing; targets $130M rev, $100M EBITDA
FTAI Infrastructure Inc.
- Repauno plans $400M tax-exempt bonds and term loan to fund Phase 2 expansion and repay debt.
- At full utilization (96K bbl/day, $3.70/bbl fee, $30M opex), targets $130M revenue and $100M Adjusted EBITDA.
- FIP has invested ~$317M in Repauno as of March 31, 2025.
- Proceeds also used for reserve accounts and transaction fees.