secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001140361-25-016709
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure subsidiary plans $300M bond offering to expand Repauno terminal
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- Repauno intends to issue ~$300M Series 2025 Bonds to finance dock and cryogenic tank expansion at New Jersey port terminal.
- Proceeds also fund debt service reserve, interest reserve, and ramp-up operating reserve for the project.
- FIP has invested over $332M in Repauno to-date; Phase 2 targets annual revenue up to $130M and Adjusted EBITDA up to $100M.
- Repauno currently has commitments for ~79,500 bbls/day throughput at ~$3.53/bbl, targeting 96,000 bbls/day at $3.70/bbl.
- Bonds offered only to QIBs and institutional accredited investors under Rule 144A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125016709/0001140361-25-016709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125016709/ef20048063_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-016709

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